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Bitcoin Market Update: Pullback to 70,000, Target 71,500

Thursday morning thoughts, pullback to buy

Yesterday, the market plunged directly after the CPI data came out, but it quickly recovered the lost ground. In the early morning, Bitcoin directly broke through the 70,000 mark, indicating that the market support at this position is very strong. Next, there is a high probability that a 1-hour level rise will be run

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Bitcoin pulls back to around 70,000 and looks up to 71,500, defending the 69,400 line

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