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April 17 Morning Bitcoin Reference
Currently, after a sharp dip and rebound, the market is in a high-level consolidation and ranging phase, and overall it is showing a choppy trend with a slow recovery after a sharp selloff.
The rebound pace of the bulls is relatively steady; the room for short-term pullbacks is being gradually compressed. The market mainly focuses on range-bound consolidation and power accumulation for repair.
Combined with the fact that the weekend is approaching, in the short term there are no obvious signs of a clear one-way breakout with increased volume, and both the bulls and bears are temporarily locked in a deadlock and balance.
Key resistance is concentrated in the 75,500-76,000 range. If the market touches this area and shows signs that the rise can’t continue—followed by a stagnation and pullback—one can gradually place short positions in line with the trend to bet on profit opportunities from a technical correction
Trading suggestion: Buy on a pullback near 74,000-74,500
Target 75,500
If 74,000 breaks through, switch to a short position; target 73500$BTC #Gate13周年现场直击