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$BTC Intraday Market Analysis
Direction: Bearish, 66,500 is a strong resistance, the rebound is weakening, do not chase longs.
Resistance: 65,500-66,500, if the rebound does not break here, the bears are in control.
Support: 63,700-63,000, a sharp decline to this level can be used for small long positions, stop loss at 61,500.
Mig's personal trading advice: Short on rebounds to 65,500-66,000, stop loss above 66,000, target 63,700-63,000. If there is an unexpected surge above 66,500, wait for 67,500-68,000 before adding to short positions.
Long positions: Only try small positions around 63,000, stop loss if it breaks below 61,500.
Risks: Hawkish Federal Reserve, macro bearish news, rebounds are opportunities to short, do not hold positions blindly.
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