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The great waterfall is about to arrive, Bitcoin long-term positioning
Bitcoin and Ethereum have been in this range for 7 days, with no new direction given.
Today, Friday, likely aided by the Federal Reserve's leadership change, a breakout trend may emerge, leading to a sharp plunge!
Let's discuss today's trading strategy: Bitcoin has officially entered a correction phase, with the bottom estimated to test 720, and 760 is just a pause during the decline.
In the short term, 783 resistance is strong, twice suppressing the bulls.
If today it tests this level again, you can confidently go short with the trend, aiming for a large profit margin.
Trading suggestions:
Short around 78,000, target 76,000, and if it breaks, continue to watch for 72,000. $BTC $ETH