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Good evening, I am Jiuye. Bitcoin fell below 74900 support on Saturday and reached a low of 74200. It rebounded again on Sunday and fluctuated around 77000. Technically, we mentioned earlier that if the physical market falls below 74900 and there is no support before reaching 71000, we can refer to it. If it does not break, we will see a rebound on the right shoulder. Currently, 74900 has fallen below the 4-hour level, and there is sideways time at the bottom. The rebound is only a temporary trend pressure, and the target of 71000 remains unchanged after the oscillation is over!
From the perspective of Ethereum technology, the vertical support for 2050 entities has fallen below and dropped to 2009! Clearly breaking through, after rebounding, the next target point looks towards 1600!
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Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.
