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9.24 Bitcoin Thought Analysis
From a technical structure perspective, the market has formed a continuous weak downward trend since breaking the previous range-bound structure. The daily K-line has shown strong retracement pressure. Although there have been short-term rebounds during the day, they have not exceeded yesterday's starting point, so the weak structure remains unchanged! The rebound during the day can only be seen as a corrective action after the decline, which is clearly not a trend reversal. Currently, the trend remains unchanged, so we can continue to maintain a bearish outlook!
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