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Bitcoin Short-term News
Bitcoin's earlier decline triggered a large number of long position liquidations. After the short-side momentum was released, it rebounded over 1500 points in the early morning, stabilizing above the 60000 mark.
Many retail investors chased longs at high positions, getting deeply trapped, while professional traders took longs with stop-losses relying on the 58900 support zone, fully capturing this rebound wave.
The short-term market remains range-bound; do not chase highs. If you are trapped in a position and cannot judge the entry points, consult the exit strategy 🍑.#BTC