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3.7 Saturday Morning Market Analysis
Bitcoin repeatedly tested 71,000 yesterday but faced resistance and pulled back. After the non-farm payroll data release in the evening, it continued to increase volume and broke below 68,000. The four-hour upward channel was broken, indicating weakening bullish momentum.
Weekend trading is light, with a lack of rebound strength. The short-term trend is biased towards bearish, mainly focusing on selling high and avoiding bottom fishing.
Bitcoin: Short at 68,500–69,300, target: 66,380–65,000
Ethereum: Short at 1,980–2,030, target: 1,880–1,800