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Wednesday Morning Market Outlook
The overall market is showing weak volatility, with Bitcoin testing the key level of 76,000. If it holds this price level, it will maintain a range; if it breaks below, it will further decline to 75,500-74,600. Ethereum is linked to Bitcoin's weak trend; after Bitcoin breaks down, it will accelerate its decline.
Focus on shorting on rebounds
Bitcoin: Resistance at 76,900-77,300, short targeting 76,200-75,800
Ethereum: Short positions in the 2,130-2,180 range, targets at 2,100-2,050-1,960