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5.14 Morning Bitcoin Market Analysis 🍜 Market Perspective
Don't panic during pullbacks; stabilization is an opportunity!
The support and resistance levels and trading suggestions provided yesterday fully align with the subsequent trend, and the MACD indicator also confirmed the bearish retreat forecast, validating the overall strategy.
Bitcoin is currently in a retracement phase after breaking out of the high-level range, with the price around 79,397, and the overall bearish momentum has not been fully released, in a "weak rebound correction after decline" state, with no clear stabilization signal.
Bitcoin suggestion: Stabilize around 78,750, break and retest around 80,700, stop loss at 78,000, with lower targets at 81,800 and 82,850.