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3/13
BTC's rally from $60k is a rebound against the $9.79-$60k decline. Subsequent price action can be subdivided into red and blue paths. Too many shorts, need to continuously push stop losses upward. The breakout strength is mediocre, no need to panic, keep your mind at ease.
Today's intraday short-term support is 69300-70700. If support holds, expect continued rebounds. If broken, the uptrend ends. Daily chart resistance zone around 74000 is where a second test occurs after the false breakout—this is a quality shorting position on the daily chart.