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BTC is currently essentially trying to establish a new support zone:
$74,500 - $75,000 Zone: The market wants to make this level a permanent "bottom". If daily closes above $75,000 occur, the target will again be $77,000 and the historical highs above it.
Correction Risk: The $73,800 level is currently the nearest support point. If it falls below this level, the possibility of a rapid pullback to the $71,000 band remains on the table. In summary; BTC is currently digesting the profit-taking that followed a sharp rise and is gathering strength to continue the bull run by holding above $75,000