Bitcoin Evening Analysis
The 1-hour cycle shows that Bitcoin price has broken below the MA7 short-term moving average, with short-term bullish momentum weakening across the board. Selling pressure is gradually dominating the market, forming a clear bearish trend signal.
Since the decline from the high, the rebound has lacked volume support throughout. Each bounce has been suppressed by the moving average, displaying a typical weak rebound pattern with a high probability of continued downside.
Currently, the short-term range is gradually narrowing. 73342.6 is a key support area. If there is a v
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