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BTC Monday morning thoughts
BTC pulled back near 109000 last night, touched 108200 and then surged to 109600, not breaking 110000, currently pulling back to around 108700.
The 1-hour K-line shows a pullback after hitting the upper band, with the trend below the middle band moving downward. The pullback seeks support, focusing on the 108000 support level; if broken, it will continue to decline.
Personal Advice:
Short around 109200, look at 107500 and set a strict stop loss.