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3.10
Yesterday, sentiment surged on news, but there was no effective breakout, and selling pressure remained strong; the four-hour chart touched the upper Bollinger Band and then quickly pulled back, forming a bearish engulfing pattern, interrupting the short-term bullish momentum, and the market has reverted to a bearish dominance.
This rebound is a technical correction within a downtrend, not a trend reversal. After digesting the good news, funds will return to rationality, and bears may resume increasing their positions. The main bearish outlook remains unchanged.
Trading Recommendations
Bitcoin: Range around 69,300–70,000, target 68,000–67,000–65,500
Altcoin: Range around 2,020–2,060, target 1,950–1,880–1,800
Risk Control Tips
Strictly set stop-losses, avoid holding large positions or single trades, market volatility is high, confirm with real-time market data.
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