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Weekend prices once surged to around 70900 but faced resistance, then oscillated and pulled back, with the lowest touching around 68000 support. Currently trading near 68700.
From the market perspective, the price continues to stay below the dual moving averages, with a clear bearish dominance. Although there is brief support at 68029 below, the rebound is weak and has not effectively reclaimed the key 69000 level. The short-term bearish trend is established and strengthening, so it is recommended to maintain a "short on rallies" approach.
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