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17:20
The bearish trend on the market is very strong, but looking at the chart now, there is a rebound in the 1-4 hour timeframe, though it is relatively weak. The high point of the rebound is around the previous low of 3140 in the wide range oscillation, as shown in the figure below. A trend-following short position can also be considered for entry around this area, with support below at 3020-2970. For the afternoon rebound, raise the stop loss to breakeven for long positions, and we'll see what happens next. Let's observe the situation in the US market. There is a demand for a rebound, but it is weak, making it difficult to trade.
In terms of Bitcoin, 93600 is a resistance level. A short position can be considered at this level, and for a rebound, a long position should have a breakeven and stop loss in place.