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Morning Market Summary: Yesterday's pattern of initial rise followed by a decline was perfectly fulfilled. In the early hours, Bitcoin dipped to confirm a bearish trend, with 5-minute charts showing sharp rises followed by pullbacks and frequent upper wicks.
Strong resistance above 68,000 is clear, and bulls are unable to break through. The larger-scale bearish trend remains unchanged, and rebounds are all signs of trap trades.
Suggested actions: Short Bitcoin in the 67,800-68,300 range, with targets of 66,000 and 65,500.
Short Bitcoin in the 2,080-2,100 range, with targets of 2,000 and 1,900.