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Analysis: BTC fills the gap above $72k, and market confidence is gradually recovering.
Along with recent price fluctuations, the BTC gap is gradually narrowing to $78,000-$80,000, with nearly 200k BTC changing hands at the $76,000-$77k level on April 17-18.
Funds being absorbed here reflect the market’s confidence gradually being restored. After full turnover, chips are evenly distributed along the price line, which is conducive to accelerating the formation of a bottom structure.
Recently, during market volatility, the chip accumulation zone between $63,000 and $68,000 was not broken through, and the upper gap was successfully filled, indirectly increasing the probability that this range will become the bottom area. (Source: ChainCatcher)