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Hot
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Morning Analysis
Last night, the bulls attempted a midnight rally, with Bitcoin temporarily rising to the 79,400 level before facing resistance and pulling back. Subsequently, the price quickly declined, aligning with the bearish outlook of the Sun Road. The bullish momentum has clearly weakened, with the highs continuously moving lower, and trading volume increasing during the decline phase. Although there was a brief signal of a halt in the decline at lower levels, the rebound was weak, and the volume structure still supports a downward trend. The overall market today is clearly dominated by bears, and the trading strategy should focus on shorting at higher levels.
Trading Suggestions
Short positions around 78,800-79,300 on Bitcoin, targeting 76,800-77,300
Short positions around 2,390-2,420 on Ethereum, targeting 2,290-2,320