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This week's Bitcoin trend has clearly slowed down, with a total weekly fluctuation of over 4,000 points. After breaking below 65,000 at the beginning of the week and rebounding to 69,300, it faced resistance and pulled back, then oscillated around 67,000. Our high-altitude short positions this week have yielded substantial gains.
From the weekly chart, Bitcoin still shows a stepwise downward trend, with insufficient bullish rebound strength to reverse the weakness. Since dropping from the 76,000 level, the lows have been continuously moving lower. Although the pace slowed due to news influences, prices remain under pressure from moving averages, indicating short-term bearish dominance. The four-hour Bollinger Bands are converging and consolidating, with light trading over the weekend, and a balance between bulls and bears. It is expected that Monday night could break the deadlock, and the outlook remains optimistic for bears to gather strength and break downward.
Trading suggestions:
Short Bitcoin on rebounds between 67,800-68,300, targeting 66,300-65,300, with a break below targeting 63,000.
Short on the rebound between 2,080-2,120 for the mistress token, targeting 2,010-1,930. #假期持币指南 $BTC $ETH