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Bitcoin and Altcoin Analysis at Midnight: The Bearish Feast Continues. Bitcoin and Ethereum plummet intraday, bulls crying in the bathroom. Yesterday's 70,000 short position was precisely sniped; Bitcoin kept dropping, short sellers profit comfortably.
The current rebound is just a trap for more longs, not a reversal. The hourly chart shows a bullish doji star + indicator recovery, with limited short-term rebound space; the 4-hour chart shows four large bearish candles breaking below the lower band, RSI heading down, MACD showing increasing bearish momentum—no signs of a bottom.
Suggested Trading:
Bitcoin (Big Coin): Short at 66,500 - 68,000, target 64,500, further downside if broken.
Altcoin (Small Coin): Short at 1995 - 2050, target 1900, further downside if broken.