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Bitcoin's key support level has broken, is a bear market really here?
#Gate广场四月发帖挑战
BTC has clearly broken below the important support at 71K, which was once a solid defense for the bulls. After the breakdown, sellers have taken full control, and downward momentum has significantly increased.
After failing to hold above 73.7K resistance, the market quickly formed a typical weak structure with lower highs and strong selling pressure.
Key levels to watch: Resistance: 71,800 – 72.5k Support: 70k – 69,200 As long as BTC cannot hold above 71K, the downside space will remain open, with the next target directly at 70K or even lower.
Any short-term rebound can be seen as a selling or reducing position opportunity. The overall trend is currently clearly weakening.
Strategy suggestion: Before the price strongly recovers above 72.5K, prioritize watching or holding a light bearish position, and avoid blindly chasing longs. $BTC