$BTC

4.10 Bitcoin Analysis: The Future Will Still Continue to Fluctuate

Bitcoin has just once again fluctuated back below 80,000. In this market, we can only observe fluctuations in the short term.

In the future, if we want to be bullish, the key area is between 78,000-80,130. Tonight is quite important for the bulls; if it does not break below 78,000, we can still wait for subsequent signals to engage in a bullish trend.

Currently, the major downtrend line is nearing the 81,000 level. If the market can stabilize above this level and rebound again, it may be worth considering taking profits in this vicinity.

If it effectively breaks below 78,000, we could see a short position of several thousand points, with target positions around 76,000-74,000. If it effectively breaks below 75,000, we can consider the possibility of further declines to new lows.

At this moment, the news environment makes it difficult for the market to establish a one-sided trend; in the short term, we will continue to observe ongoing fluctuations.

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