Bitcoin support is effective, but the rebound is too weak. As long as the daily chart hasn’t been broken, there’s still a chance to range sideways first and then rebound. Here, you can take a shot at a long position; if it breaks down, cut losses decisively. If the daily chart breaks, it’s very dangerous—70,000 is very likely to be hit. Intraday resistance is at 77,500; only after a breakout above 77,500 will there be a chance to continue the rebound.

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