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Bitcoin trading strategy for May 31
Market Analysis:
Bitcoin continues to decline strongly, and the bearish momentum is unstoppable. Currently, contracts are mainly focused on high short positions or breakdown shorts; spot trading needs urgent risk avoidance, especially for altcoins!
Currently, Bitcoin is still in a downward trend, but there is strong support below. If you are entering a short position, you need to wait for a break below the support level before entering.
Trading Plan:
Enter short after breaking below 102400.