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4.10 Morning Market Analysis
After a short-term surge to 73,146, Bitcoin quickly pulled back. After consolidation at high levels, the structure has completely weakened. The two attempts to break the previous high failed, confirming a W-top pattern. Bullish momentum has fully exhausted. The large-scale bearish structure remains unchanged. At high levels, do not recklessly chase longs.
Trading Suggestions
Bitcoin: Maintain a high-short mindset within the 72,300-72,800 range. Targets to watch are 71,500-71,000. If it breaks down, look lower toward 70,500.