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Midnight Silk Road and Recommendations
Overall, maintain the range to oscillate back and forth, forming an inverted V-shaped trend, with the midday market rebounding near 77,100 to around 78,700 before falling back to about 77,400.
The daily chart shows a bearish contraction with a declining volume, the four-hour chart also shows a bearish contraction with decreasing volume, gradually moving downward, and the hourly chart shows increasing downward momentum, with a focus on the key support levels at 77,000 and 2,300.
As long as the lower support remains stable, the long-term position can continue to be held; if it cannot hold, follow Sister Lin’s plan for execution.
Operations and Recommendations
Bitcoin can be positioned in the 77,000-76,500 range for a short position, targeting around 78,000-78,500.
For the correction back to the 2,300-2,280 range, consider a short position, aiming for around 2,350-2,380.
Market volatility is high, so pay attention to risk control and defense; profit within the range can be secured.