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Predict the overall trend of Bitcoin in the upcoming period
On the 1-hour timeframe, the rise from 74,000 to 78,300 shows increasing bullish volume, currently just consolidating with reduced volume at high levels, but the bullish momentum has not fully exhausted, and there is a high probability of another push towards the resistance level
From the daily and weekly perspectives, the weekly chart is in a downtrend channel, and the daily rebound is a typical falling flag pattern. Usually, a rebound flag often has a false breakout to trap buyers, followed by the main decline
🚨 Trading suggestion
In the short term, watch for a move to around 78,000, then consider entering a position near 77,600 to 78,400 as a good strategy, then prepare for the main decline, targeting 70,000
For those who haven't been paying attention, remember to follow
If you lack insight, learn to follow the trend
$BTC $ETH #GatePreIPOs首发SpaceX
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