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3.12 Bitcoin Summary
Today, the Silk Road focused on the 70000 integer level, setting it as the key watershed for short-term bullish/bearish sentiment in the short term.
The actual market movement aligned highly with the analysis: once the 70000 support was validly broken through, bearish momentum was rapidly released, smoothly moving through nearly a thousand points of downside, with predicted levels and market rhythm completely matching.
Regarding rebounds, the 71000 level above was defined as a strong pressure zone.
During the session, bulls attempted multiple counterattacks to break through this position, but encountered obvious selling pressure each time near the resistance level, consistently failing to achieve a valid breakthrough, with the pullback pattern under pressure aligning with the predicted logic.
The market itself has severe fluctuations with numerous variables in news and capital flows; the public analysis serves only as directional reference and thought sharing.
In real-time trading, volume-price, capital, and sentiment changes occur extremely rapidly, with more precise entry timing, profit-taking, and risk control rhythm to be followed based on real-time intraday guidance.
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