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Bitcoin today’s outlook:
On the 4-hour chart, the previous large-volume bearish candlestick that broke through multiple moving averages has completely overwhelmed the bulls, and the trend is clearly weakening.
Although the latest candlestick has a long lower shadow, indicating some buying support below, the close remains relatively weak. Overall, the market is still dominated by bearish weakness and oscillation, with rebounds unable to gain momentum. The short-term outlook remains bearish.
Bitcoin:
Short positions around 68,800 and 69,600, with targets near 66,500.
$BTC