The key resistance level for BTC is currently at 78,000. This level has proven to be a resistance level multiple times. The key intraday support level is 74800-74200, which confirms the downtrend from the previous low. The overall strategy remains to sell on rallies. Before a valid breakout above 78000, any rebound is likely. short opportunities exist, but the subsequent decline is likely to continue with the current positive funding rates. Long positions may continue to test lower levels and further squeeze stop-loss orders. If bullish divergence appears and the price breaks the low but quickly recovers, a rebound could be considered, with stop-loss orders placed below the low. If funding rates remain high and there are no divergence signals, support is likely to fail, and the downward trend will continue.
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