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5.2 Evening Analysis: Bullish Rebound Weak, Market Continues Weak Consolidation
Today, the overall performance of Bitcoin was very stable, with slight fluctuations within a range, and the bulls and bears remained balanced, with no major ups or downs. Trading volume was moderate, sector rotation was steady, market sentiment was calm, and the overall trend showed strong resilience.
The current market continues the early weakness pattern, with limited bullish rebound after a rise, and significant resistance above. The trend has already shifted from support to resistance, with technical patterns weakening across the board, and the bearish momentum fully dominating.
The short-term rebound is only a technical correction, with limited upward strength, making it difficult to return to a strong trend. The overall market remains weak and consolidating, with sentiment still leaning bearish. Going forward, the market is likely to face resistance during rebounds and continue to trend weakly, so patience is advised until further downside is realized. $BTC $GT $ETH #WCTC交易王PK
Trading Suggestions:
Enter short positions around 78,500-79,000 on rebounds
Target around 77,500-76,800