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Today, Bitcoin dropped over 3,000 points. This wave of decline has directly damaged the upward pattern of Bitcoin. Today, observe whether the daily chart can close above 935. As long as it can close above 935, the upward trend remains intact. If it cannot close above 935, it will either test the bottom again or consolidate sideways before moving in a small-range oscillation upward.
Today, pay attention to the daily level of the bullish and bearish price at 935. As long as it stays above this level, the daily rebound trend is still valid. Moving upward, watch the resistance levels around 94500-95800-96800!
If today’s daily close cannot surpass 935, it indicates that the small-level rebound after this wave of decline is not very strong. Watch for a retest of the support levels around 91800-90300-89300!