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Last night, after a rally, Bitcoin continued to decline in the early morning. The pattern of first rising then falling was fulfilled as expected. Short-term strong resistance has been established above 68,000. Our high-altitude strategy has been accurately implemented.
The candlestick bodies are narrowing, with frequent upper shadows. Repeated attempts to push higher are met with resistance and pullbacks. Bulls are clearly losing strength at key levels. The large-scale bearish trend remains unchanged, and rebounds are opportunities to short. The strategy remains primarily to short high, with occasional long positions on dips.
Bitcoin: Short around 67,600-68,300, target 66,000-65,000
Ethereum: Short around 2,060-2,100, target 1,980-1,930