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Bitcoin Morning Analysis
Analysis: Bitcoin rebounds around 77,300-77,700. Look at 76,000-75,500 for support, with 78,200 as a reference.
Earlier, the price fell from the high point, forming a low at 76,000. Then it went through a rebound phase to correct. However, during the rebound, the price never managed to break through the resistance from the long-term moving average, indicating that the broader trend is still weak. When the rebound reaches a certain height, a large bearish candle appears again, breaking below support—this suggests that the rebound has ended, and the price is likely to return to the downward rhythm. $BTC