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Bitcoin has recently been impacted by sudden market information, with prices exhibiting violent fluctuations, followed by a rapid downward trend, further confirming the influence of short positions.
From a technical analysis perspective, once the impact of news is gradually absorbed by the market, the price trend will eventually return to its normal development path. The current deep correction has already released a considerable portion of risk factors, and in terms of operational strategy, one can consider adopting a long position at low levels to seize the opportunities brought by market recovery.
Pay attention to long positions in Bitcoin in the range of 103000-103500, with target price levels looking towards the range of 104500-105000.