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4.29 Midday Market Alert: The bearish trend continues; rebounds are a good time to short
The 1-hour channel has already broken down; the weakening structure in the oscillation is clear. Long/short volume frequently switches, and the corrective rebound does not change the downward pace. The 4-hour channel narrows and presses on the upper band; bullish momentum is weak. The market is weakly range-bound, moving averages show no reversal signals, and smaller timeframes are simultaneously releasing a need to probe lower. In the short term, any spike up will inevitably fall back; the high-short idea is clear.
Big BTC: Short around 77,800, target 76,800-75,800
Second BTC: Short around 2,350, target 2,300-2,250
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