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June 2, 2026, current price around 70,318
The 4-hour trend continues downward, with no signs of stopping the decline for now, and the risk of chasing shorts is high. Short-term rebounds also have limited profit potential. Staying on the sidelines is the safest approach at this stage. Until the market clarifies, do not open positions arbitrarily.
Today's trading strategy
1. If the price rebounds from 70,318 to around 72,500, open a short position directly. The market is likely to accelerate downward later, with a target of 62,700.
2. If the market slowly pulls back to around 68,500 and stabilizes, consider going long. After taking profit at 71,840, switch to a short position immediately. The subsequent decline target remains at 62,700.