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This view is more agreeable.
Over the weekend, the price briefly surged to around 70900 but faced resistance, then oscillated and pulled back, with the lowest support near 68000. Currently, it is trading around 68700.
From the market perspective, the price continues to stay below the dual moving averages, with a clear bearish dominance. Although there was brief support at 68029, the rebound was weak and failed to effectively reclaim the key level of 69000. The short-term bearish trend has been established and strengthened, so the recommended strategy is to "short on rallies."
Trading suggestions:
For Bitcoin, short near 69000-69800 on rebounds, targeting 67000-65000.
For Ethereum, short near 1980-2020 on rebounds, targeting 1880-1750. #Gate广场发帖领五万美金红包 $BTC $ETH