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4.20 Midday Bitcoin Analysis
The escalation of the Iran-U.S. conflict + Powell's hawkish stance, double bearish pressures hitting the ceiling, the market's risk-averse sentiment shifting collectively to the US dollar, and funds continuously fleeing from the crypto market.
Bitcoin broke below the key support of 75,000 today, with a daily bearish arrangement, weak rebound on the 4-hour chart, and a downward trend channel already open.
Clearly adopt a high-short strategy, do not blindly buy the dip!
Trading suggestion: short at 74,500-75,000, target 72,500-73,000
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