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In the early morning, Bitcoin experienced a short-term surge to around 71,300 before encountering resistance and pulling back. The price then declined again, fluctuating around the 70,000 level for consolidation. From a short-term market perspective, the rebound momentum is gradually weakening, and selling pressure above remains heavy, limiting upward space.
Four-hour analysis shows that key short-term resistance is concentrated in the 71,500–72,000 range. If the price cannot effectively stabilize above this zone, the overall structure remains more inclined toward sideways and weak movements. In terms of trading strategy, it is recommended to focus on shorting during rebounds and going long on dips, paying close attention to the breakdown of key support levels below. Adjust strategies flexibly based on real-time market changes.
BTC: Short positions can be considered around 70,600–71,300 with targets at 69,100–68,000.
ETH: Short positions can be considered around 2,070–2,100, with support levels at 2,010 and 1,930. Personal suggestions for reference.
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