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hello 👋 Yesterday's train of thought still came true. After a slight Rebound in comparison, it fell directly, successfully reaching our target point. It's perfect to take profits and leave the market. There's nothing else. Midnight comparison oscillated in a wide range, with intense tug-of-war between long and short positions. Early morning shorts showed strong volume, and everything eventually returned to the starting point. Currently, comparison has rebounded at the bottom again, and the tug-of-war is not over yet. In the short term, long positions have certain advantages, but the outcome is still unknown. Currently, the market data is running in a downward channel from the four-hour chart, indicating a short trend. However, the recent low points have been gradually rising, showing signs of stabilization. On the hourly chart, there is a short-term situation of a bullish engulfing pattern, with an increase in long positions, attempting to break new highs but with limited rebound strength, not enough to change the situation. The resistance level above is around 59000. If the price can effectively break through this resistance level, it will challenge higher resistance levels. In the short term, the market data is in a phase of rebound consolidation, with long positions preparing to try the previous high. We will temporarily observe the strategy of shorting the rebound and then make a layout. If the resistance level is effectively broken, we can consider reversing the strategy. BTC58900-59200 short, target near 57500 Short near ETH2320, target near 2250 #BTC# Thanks 🙏
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