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What’s the next layout plan?
Yesterday, Bitcoin continued to weaken, declining from low levels, with insufficient support from the bulls, facing resistance during rebounds. The daily chart shows a bearish arrangement suppressing the price, the short-term downtrend has not stopped, volatility has increased, and the overall weakness persists.
In the short term, it is hovering at low levels, with oversold corrections weak, no clear signs of bottoming, upward space is limited, and reversal is difficult.
Trading suggestions:
Around 71,300-71,800 for a short position on Bitcoin, targeting around 69,300-69,800.
Around 2,000-2,020 for a short position on Ethereum, targeting $BTC around 1,900-1,920.