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Good morning everyone! Market analysis! Thank you all for your support!
SpaceX announces it holds $775 million more Bitcoin than previously disclosed, showing its continued accumulation of BTC.
PRO chip distribution data shows: In the past 72 hours, 50% of BTC trading chips are concentrated in the range of $76,646.05 to $77,267.92.
Currently, BTC price is above the chip concentration zone, about 0.35% away from the upper boundary of the range. This position is a key resistance level from a previous breakout, which has now turned into a potential support.
If the price retraces later and can find effective support at $77,267.92, it indicates that the previous breakout was successful, and the price trend may continue.
PRO users can confirm the trading volume change at this support level through the "Chip Distribution" indicator to assess the strength of the support.