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5.9 Morning Bitcoin Market Analysis 🍜 Market Outlook and Hidden Risks of Pullback at High Levels!
Starting from the previous low of 74,868.0, the upward move was initiated, reaching a high of 82,828.7, followed by a pullback from the high levels. Currently, it is in a consolidation and correction phase after the rise, operating around 80,103.2. The overall bullish trend has not been completely broken, but the short-term upward momentum is clearly weakening. The green bars are starting to expand, and short-term downward pressure is gradually emerging.
Resistance above: 81,000-81,500 range, strong resistance at 82,828.7
Support below: 79,500-79,000 range, strong support at 78,000
Bitcoin suggestion: Short around 80,800-81,300, stop-loss above 81,800, target at 79,500-79,000, and watch for a break towards around 78,200.
$BTC $GT $ETH
#比特币跌破8万美元
#ArthurHayes看好山寨币
#稳定币储备下降