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4.17 Bitcoin (BTC) Market Outlook:
Yesterday, Bitcoin continued to fluctuate at high levels, pulling back after reaching around 730, then rebounding but facing resistance at 755, with upward momentum clearly hindered. The overall market trend remains the consolidation pattern we discussed yesterday. Yesterday, I advised brothers to short at 750-755, and all positions were successfully closed!
Currently, resistance above still leans heavily, and subsequent rebounds remain opportunities to short with the trend. Focus mainly on the short-term support at 730; if broken, the downward pace will accelerate further. Be patient and wait for the breakout of the trend; the overall strategy remains to short on rebounds.
You can consider short positions around 75,000 and 75,500. Targets are 73,500 and 73,000; if broken, continue to look lower toward 71,500 and 70,500.