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$BTC Asia early session fund handover period, obvious buying gap. 4-hour level new price high but volume shrinking, open interest stable, typical volume-price divergence. Dog whales distributing on the left side, sell orders piling up near 70994 above, depth imbalance rate 91%, weak fund support intention. 1-hour MACD histogram contracting, long momentum exhausted. Go short at this level, entry at current price 70940, stop loss placed slightly above 71200. Looking for a pullback to 69800, take profits in batches when reached. Risk-reward ratio 4:1, this trade is worth considering.
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