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Today, Bitcoin attempted to climb back above 74,000 multiple times but repeatedly hit walls, which directly triggered the recent drop to 73,171. Fortunately, the price held when testing the 73,100 level downward, and is currently in a small rebound.
This rebound can be seen as a "health check" for the market; the key is whether it can break through the previous small high of 74,200. If it can't surpass this level, the rebound has little practical significance, and the overall trend is likely to continue oscillating downward. Unless it can strongly break through the critical resistance at 74,500, it will be difficult to reverse the current weak situation. But at present, breaking through 74,500 directly is quite challenging.
The short-term support level at 73,100 below has been tested multiple times. Like a wall repeatedly hit, its support strength will weaken over time. Once this level is effectively broken, the lower support at 72,436 may also struggle to hold, potentially leading to a deeper correction. The overall trend remains weak, so it is advisable to stay cautious, follow the trend, and mainly look for short opportunities. Avoid blindly guessing bottoms or chasing rallies. #Saylor暗示增持BTC