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7.9 Bitcoin Morning Short-Term Analysis by Pan Shuyuan
Middle East conflict intensifies market volatility, but coin prices haven't dropped deeply, with spot funds temporarily supporting the market.
Technicals continue to weaken, with the daily closing bearish below the moving averages. The indicator is about to form a death cross, the downtrend remains unchanged, and the overall strategy is to short on rallies.
Operation: Short in batches at 62,600-63,500, target 61,500, then 60,000. #BTC