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Morning market outlook for July 2
Last night's ADP data was released, and the market saw a strong rebound in the short term, which is a normal recovery within the oscillation cycle. During this period, the market has been volatile, the overall trend is weak, and downward pressure has always existed.
The 4-hour chart closed with a very long upper shadow candle, indicating heavy selling pressure above. The priority going forward is to look for a pullback.
Short-term reference:
Short BTC in the 60700-61200 range, targeting 60000 and 59000 in stages. #Bitcoin