Cycles of reincarnation, Bitcoin surged last week, with the price soaring directly to the 78000 mark. However, it faced pressure in the middle of the weekly K-line. Unexpectedly, on Saturday and Sunday, there was no chance for the bulls to pull back, directly hitting the rising point near the price of 74000.

From this performance, it can be seen that the price is still maintaining a fluctuating pattern, so do not excessively chase after rises and falls. Currently, from the daily line level, the K-line has recorded two consecutive bearish lines, indicating that there is still very strong volume. Now the price has formed an end shape of a triangular range, and a rebound can still be viewed as bearish.

Intraday, we can continue to look bearish around the upper range of 75000-75300, targeting the daily middle support level at 72500, which is just for reference.

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