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Bitcoin's auntie short-term bearish trend is at its maximum, with precise profit-taking at high levels. The subsequent rhythm is clear. Yesterday, we provided a high-level layout, and this morning's second reminder to watch for further decline was perfectly fulfilled. The market hit the predicted target of 11,800 points, with Auntie securing a 400-point profit. Bitcoin's operation is fully maximized, with precise profit-taking without deviation!
From the technical perspective, Bitcoin's auntie 4-hour bearish trend is fully evident. The Bollinger Bands are diverging downward overall, with the channel expanding continuously. The lower band is extending downward, and multiple technical indicators are resonating in a bearish manner. The bearish momentum is still being released, and the downward trend is clear. Operate with a firm high-short strategy!
Trading Suggestions
Bitcoin rebound around 65,800-66,600, shorting for a move down to 62,800-60,300. If broken downward, hold and continue to watch for 58,300.
Auntie rebound around 1,950-2,000, shorting for a move down to 1,820-1,720. If broken downward, hold and continue to watch for 1,550.