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Don't be misled by Bitcoin's minor rebound in the late night hours. This upward move is merely short-term technical correction and cannot change the overall bearish core structure. Adhering to the trend is key to successful trading.
The hourly chart has formed a double top structure, which is a clear bearish signal. The rebound highs continue to decline, price momentum keeps falling, bullish counterattacks lack any sustainability, short-term three consecutive down candles combined with shrinking trading volume indicate scarce buying interest in the market and dense selling pressure above. The bulls have no strength to break through resistance.
Technical indicators continue to lean bearish. MACD green histogram gradually expands, bearish momentum continues to release, and the downtrend is now very clear. The strategy ahead remains centered on rebounding highs for shorting. Morning session has reached the strategy zone; don't easily change the plan.
Operation Suggestions: Short directly at current price 71360, watch for 68600-68000 nearby. If it breaks below 66000, set stops based on your own position size.
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