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Bitcoin’s current pullback seems to be almost over this round. For our worst-case plan, it’s that a breakdown will push price down to the 77,500 level, down from below 78,000. Right now, we’re below 79,100 and have left an additional buy-in spot at 78,000, then we’ll defend at 77,500.
In the early hours of today, we will definitely be watching for the situation where 80,300 is recovered. If the long position at 79,100 still holds, and if Bitcoin breaks below 77,500, then longs below 77,500 can be taken boldly.