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$ETH If Bitcoin is so soft, why not watch it to earn profits?
2210-2230 is a heavy intraday selling zone; a rebound reaching this area is a good shorting opportunity!
Last night, Bitcoin surged to 2268 and then sharply declined. Currently, it is consolidating around 2168.
The daily chart looks stable, but the 4-hour and 1-hour timeframes show clear signs of a pullback, indicating a short-term correction trend.
Data from the 1-hour chart shows that both spot and futures funds are continuously flowing out, with the bears temporarily in control, and selling pressure gradually easing.
However, it’s worth noting that large wallet whales, "Whale Brother," are continuously adding small long positions in the 2158-2162 range. But this does not affect the short-term trend. As long as the price rebounds near the resistance zone today, it’s a great opportunity to go short!