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After a small pullback, Big Bitcoin directly stabilizes and rebounds. Yesterday’s low around 734 is a healthy digestion of profit-taking positions. Currently, around 74600, the bulls and bears are locked in a standoff.
The swing-trading bullish/bearish boundary is 72500. If it holds, the consolidation will continue; if it breaks, it will move lower.
Support is at 73700/72600. If it holds, there’s an opportunity for a rebound. Resistance is first seen at 76000, with major pressure at 78000-80000.
Buy long directly on the morning pullback at 74000-73500, with targets at 75500-76000.#BTC