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High-level stagnation, signs of induced buying appear! 📉
The trading idea for Bitcoin on 4.16 is clear:
On the daily chart, the second surge's momentum has significantly weakened, and while the 75,000 level seems close, in reality, the bulls' momentum has been completely exhausted. The target of 73,500 set yesterday has been perfectly profit-taken, confirming the current correction pace.
The current rebound is only a passive correction, not a trend reversal! Do not chase longs; following the trend and expecting a pullback is the core strategy.
✅ Trading reference: Gradually short around the 75,200-75,500 range
🎯 Target zones: 73,000 → 72,000 → 70,500
Stick to the rhythm, harvest steadily! 💪
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