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Saturday Morning Jingyi's Analysis of Silk露
Bitcoin dropped 4.5% yesterday, breaking below the 70,000 level, with the lowest touching around 677. It stabilized and stopped falling today. In the short term, the market is in an oversold correction phase, so blind shorting or cutting losses is not advisable. Trading strategy could be to buy low and sell high.
This round of sharp decline was caused by the exhaustion of positive news, risk-averse capital outflows, and panic selling, not a trend reversal. Clear bottom-fishing funds appeared around 67,700, selling pressure has been released, technical indicators show oversold stabilization, and bullish support is effective.
Trading Strategy
Bitcoin 695–700: Light short positions, target 680–690
677–683: Stabilized low buy, stop loss at 67,000
Personal advice, for reference only#GateforAI重磅上线