March 17th Morning Bitcoin Silk Road Analysis:
Bitcoin launched a stepped upward movement from around 72,900, breaking through the 75,000 round number with volume expansion. A new daily high has emerged, bullish trend is clear, and volume-price coordination is healthy. Short-term trend appears strong.
- Upper Resistance: 75,500-76,000 zone, if broken with volume expansion, can further look towards 76,500
- Lower Support: 74,500-74,000 as core strong support, if effectively broken through downward space opens
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