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Bitcoin Short-term Analysis
Analysis: Rebound around 670-675 to short, watch 660-650, target 680
The short-term downward trend is clear, and the weak pattern on the chart remains unchanged. The moving averages are generally arranged in a bearish downward configuration, with prices consistently trading below the moving averages. MACD is below the zero line in the bearish zone, indicating ongoing bearish momentum. Intraday rebounds are mainly opportunities to short at resistance. Intraday rebounds are opportunities to short. $BTC