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March 2nd Bitcoin Silk Road
On the 1-hour chart, the price started to pull back after reaching around 65,000. The battle between the bulls and bears is particularly intense, but the overall downward trend has not changed. From a technical perspective, the KDJ indicator has entered the overbought zone, and the RSI indicator is also beginning to decline, clearly showing that the buying momentum is weakening.
Trading Suggestions
You can consider buying in the 67,000-68,000 range, with an initial target of 65,000 and further downside potential to 64,000.
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