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Bitcoin has been generally weak after falling from the high of 741, with prices oscillating lower along the downward channel. Each rebound has lacked momentum and repeatedly hit new lows; overnight, the decline accelerated, touching the 661 level, after which the bearish momentum temporarily exhausted, and the market is now consolidating with low volume in a narrow range. The medium- to long-term bearish trend remains intact, with limited rebound strength, and the trading strategy remains biased toward the downside.
Trading suggestions:
Bitcoin: During the rebound, consider short positions around the 672 level, with short-term targets of 661 and 650, and a further target of 638.
Ethereum: During the rebound, short around the 1875-1895 range, with a short-term view of the $BTC previous low at 1837, and a target of 1780.