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$BTC Currently, BTC remains in a slow decline within a downward channel.
Two days ago, we provided a high-altitude strategy around 69,000, which has already yielded considerable profits. At this point, it’s advisable to protect costs first while also considering the possibility of a major cycle breakdown below 60,000.
Returning to the chart, the most important thing to watch now is this downward channel: once the lower boundary of the channel is effectively broken, the market will directly accelerate downward, with the target below 60,000. Currently, the price is still moving within the channel, and the overall pace remains relatively slow.
The key resistance level below is around 66,000, which has been tested multiple times before. If 66,000 is effectively broken, there is a high probability of triggering an accelerated decline.