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The large pastry surged and then pulled back. On the hourly chart, there are six consecutive bearish candles, and the price broke below the 63,000 mark; in the short term, there is still room for further decline.
With this stretch of continuous upward momentum over the weekend and early Monday, the stops at the lower end have been cleared out. Next, holders of high-level shorts can reduce their exposure and look toward the 61.8k-62.3k area. #btc$BTC