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Bitcoin consolidates sideways in the early morning, testing support, the weak trend remains, expecting a pullback first
5.07 Bitcoin trading idea reference:
In the early morning, Bitcoin basically had no major movement, just fluctuating back and forth between 81,000 and 81,500. Currently, it’s repeatedly testing the support at the key level of 81,000.
To be honest: the more times this support level is tested, the easier it is to break. Moreover, each rebound is weaker than the last, and 81,500 has now become a short-term resistance. The highs are continuously moving downward, and support is repeatedly being tested—this is a typical weak trend, not at all showing signs of bottoming out or stabilizing.
The current market, with a clear mindset: mainly short positions, continue to look for a pullback from high levels. Later, depending on whether the support is effectively broken, consider switching to long positions.
Reference points:
Bitcoin can be shorted in batches around 81,800 and 82,300, targeting lower levels of 80,500 and 79,500. If the decline does not continue, then consider long positions later. #BTC回调 #稳定币储备下降 #Aave起诉要求解冻7300万美元ETH $BTC $ETH