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Yesterday, influenced by market sentiment, Bitcoin surged again but was still blocked and pulled back. Silk Road suggests shorting near resistance around 75,000. Overall, it shows a pattern of initial rise followed by decline, which still aligns with Silk Road's expectations. Unfortunately, I missed the short entry and missed the opportunity to catch the dip.
Currently, the market presents a complex situation with both bulls and bears intertwined. On one hand, continuous institutional inflows provide strong support; on the other hand, technical resistance remains evident above, with a risk of a pullback during the day. Short-term attempts can be made around 76,300-76,800, paying attention to the key support at 75,000. If broken, it will confirm a weak market trend.