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Daily Market Analysis — BTC
BTC is on the bearish side of the daily downtrend. All current rebounds are testing the upper boundary of the second downward consolidation range. Whenever the price approaches the previous high within the box and 75,180, caution is needed for potential false signals or sharp declines.
For the bulls, the tradable positions are still three main categories: a pullback after local resistance, the lower boundary of the box, and divergence points where the space breaks below the box.
The current price has reached the resistance zone, but the upward momentum has not yet exhausted. Short-term resistance is at 71,342–72,488 (1:2), with secondary resistance at 74,420–76,353.
The 30-minute MA30 can still be monitored for a slight decline and quick gains.
Short-term support is at 68,649–68,088, with secondary support at 63,937–62,969.
Note: The previous second support and long-term key levels remain valid. For higher-level support, please refer to the previous chart examples and save them yourself. #BTC