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The “concubine” spiked early in the morning but met resistance and pulled back. In the afternoon, it turned and moved downward, with the low around 2266. It is currently ranging around 2285.
The rebound lacks strength; bears are in control, and the trend remains unchanged. The main approach is to go short on rebounds at higher levels, while trying a light short-term long at lower levels.
There is heavy sell pressure overhead, and bottom-fishing carries high risk. Going forward, it will most likely continue to extend weakness and probe lower.
**Trading Suggestions**
Short on rebounds in the 2280-2295 range at the top. The first target is 2270. If it breaks, continue to look for a drop to 2255.$BTC $ETH