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6.3 Wednesday BTC Early Morning Thoughts
The morning price remains around 715 and continues to decline, with the overall trend of Bitcoin gradually weakening. However, in the afternoon, the decline accelerates, and the bearish selling pressure continues to be released, reaching a low of around 670. After a short pause in the decline, there is a slight rebound, but the magnitude is not significant. The overall trend remains downward, with four consecutive large bearish candles, and the bearish momentum continues to be released. The rebound is continuously suppressed by the upper trend line, and the market's center of gravity continues to shift downward. The high-level strategy remains unchanged.
Trading suggestion: watch for a rebound around 677-680, target 667, if broken, then target 660.
Ethereum rebounds to 1940-1955, watch for a rebound, target 1900, if broken, then target 1890$BTC $ETH