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Bitcoin bottomed out in the early morning and rebounded, with intraday consolidation and strengthening. Multiple attempts to break through the 72,000 level in the evening were unsuccessful.
The market is currently in a high-level seesaw pattern, with bulls repeatedly failing to break through resistance. Volume and volatility are contracting in sync, and the daily line closed as a small positive candle. Price has stabilized at the EMA30 moving average, and quickly recovered after a retest at midnight, with short-term support proving effective. The 4-hour cycle continues to face pressure from key resistance, with rebound highs gradually declining. Bull momentum is weakening, and technical correction needs are becoming apparent. The main trading strategy for the subsequent market remains shorting from highs.
Bitcoin: Batch shorting on rebounds from 71,800-72,500, targeting 71,000-70,000-68,500
Ethereum rebounds: Batch shorting from 2,190-2,230, targeting 2,100-2,000$BTC $ETH