Bitcoin surged early to the high point at 66,399, then began to move downward and pull back, with the low dipping to 65,668.6, completing a round of deep retracement; from 12:00 to 19:00, the overall action was a consolidation and repair pattern after bottoming: after the decline, the longs absorbed buy orders and stepped in to push a rebound, but sell pressure from previously trapped positions above remained heavy, preventing price from breaking into a one-way uptrend. Overall, it ranged and churned back and forth, repeatedly shaking out positions.
The main bearish downtrend phase in the shor
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