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Cryptocurrency Market Analysis:
Bitcoin closed with a bearish candle yesterday, ending an 8-day consecutive uptrend at the daily level. This round of rebound is primarily driven by institutions, as evidenced by sustained CB premium and positive ETF net inflows.
Currently, the daily level rebound has not yet concluded, with the true resistance level between 80,000-85,000. This range warrants close attention. If accompanied by legislation passing subsequently, the market could reverse; otherwise, it will continue with weak adjustments.
The 4-hour trend line has just formed, with further rebounds to follow as we seek out the true resistance level. In the short term, verify 72,000 as forming strong support. In the near term, test the bulls/bears dividing line near 74,000. If holding steady, trade bullish on momentum as the primary approach, while monitoring the 76,000 previous resistance overhead. For short-term operations, follow community square or internal strategies.