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April 27 Monday Afternoon Bitcoin Market Outlook
Bitcoin surged to a high of 79,450 this morning but faced resistance, then quickly dropped 2,000 points, with a low of 77,409 as support, currently consolidating around 77,700.
Currently, short-term bearish momentum is slowing down, and prices are still moving within the range. The support below has not been broken, and blindly shorting is very risky. The bearish volume below could reverse at any time to recover lost ground. In terms of trading, rely on the lower support to go long cautiously!
Trading Suggestions
Bitcoin: Buy near 77,100, target 79,000
Ethereum: Buy near 2,300, target 2,400