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$BTC $ETH As the point levels continue to decline, the current downward momentum in the market has slowed somewhat, but the overall weak structure remains unchanged. Last night, after the price tested the support above 76k for the second time and then experienced a slight rebound correction, it subsequently oscillated around 76.7k, showing a slow decline and consolidation pattern.
From the four-hour chart of Bitcoin, the current candlesticks are alternating between small bearish and small bullish candles, indicating that the short-term downward momentum has eased, but the rebound highs and lows are still continuously moving lower, and the overall market remains weak. Until clear positive news or a strong volume rebound appears, the overall outlook remains bearish.
In the short-term hourly chart, the alternating small bearish and small bullish candles also indicate that the battle between bulls and bears is still intense. Although the price has dipped into the current range and some buying support has appeared below, and market liquidity has slowed down, the overall downward trend structure has not changed. The short-term strategy remains to look for rebounds to short.
Trading suggestion: Continue shorting in the 77,000-77,500 range, watch for support around 76,000; short in the 2,130-2,140 range, target around 2,080. #TradFi交易分享挑战