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$BTC From morning to noon, affected by the Middle East situation, the market declined again, with the trend completely within expectations. Currently, the geopolitical conflict is still ongoing, and the overall market remains under pressure. The prudent approach is still to wait for a rebound to short at high points, and not to blindly buy the dip to bet on a reversal of the news sentiment. Over the past two days, everyone can also see that the rebound has little strength, and it hasn't even touched the resistance above. Whether it was the live broadcast last night or this morning, I kept emphasizing to follow the trend and short.
$ETH The overall weak pattern of the market has not changed. Although technical indicators have entered the oversold zone and there is a short-term possibility of technical correction, it is necessary to closely observe the stability of the support below. The geopolitical situation is unpredictable and changing frequently, with the pace of switching between bullish and bearish news extremely fast. Technical signals are prone to distortion, and the market is more influenced by macro sentiment. In trading, always base your decisions on the main trend and control your positions rationally.
Thursday afternoon Bitcoin trading suggestion: Short around 73,000-73,500, target down to 71,500; Second Bitcoin trading suggestion: Short around 1,980-2,000, target down to 1,930.