3.5 Bitcoin Morning Analysis:



Bitcoin surged to 74046.5 in the early hours and then pulled back, breaking below the MA7 short-term moving average. The bullish momentum has weakened, and the 74000 resistance remains strong. The Fed's rate cut expectations have cooled, and the strong dollar is suppressing the market; the March token unlock has caused selling pressure, which has already been priced in. The short-term gains exceed 8%, and profit-taking has occurred. Coupled with increased risk aversion due to geopolitical conflicts, funds are flowing out of risk assets. The market continues to retrace today, with support at 72000. If broken, the next target is 70000.

Trading suggestion: Range between 73300-73800, with a target of 71300-71800.
BTC6,67%
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