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Bitcoin failed to effectively hold above the 71,500 daily resistance level today. However, the rally's pullback was limited, and the overall price remained oscillating within the 70,000-71,500 range, with the bullish structure still intact.
The trading strategy remains focused on buying on dips. Intraday support levels are at the 70,000-69,500 zone. A retest of this area can be used to establish long positions, with stops placed below 69,000.
As long as this rebound does not fall below the key support at 69,000, the likelihood of further upward movement remains high. Short-term resistance is at 71,500. Once broken, the next targets are 72,600-73,500, with the ultimate goal at around 76,000.