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4.6 Evening Market Analysis
Due to ongoing geopolitical tensions, a weakening US dollar, and concerns over the global economic slowdown, safe-haven buying continues to surge. Bitcoin briefly surged to a high of 70,276.8 in the early session, then faced resistance and pulled back. Currently, the price is at 69,411.
The current bullish momentum has been clearly exhausted. The market is under pressure and oscillating below the key level of 70,000, with a downward trend. Blindly chasing highs carries great risk. The short-term market has clearly entered a high-altitude game stage, and rebounds are good opportunities to short!
Trading Suggestions
Bitcoin: Consider shorting in the 70,000-70,500 range, targeting below 68,500✓
Ethereum: Short around 2,155-2,175, targeting around 2,100✓$BTC $ETH #加密市场行情震荡