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Why is btc weak? Although there was a pullback to 65000 last week to stop the decline and rebound, the downward momentum on the daily chart weakened. However, it was suppressed by the downward trend of the 2nd, 3rd, and 5th day lines, forming strong pressure at 67300-68300. The recent rebound is just a pulse upward after retracing the bear-bull boundary line, and has not yet broken out of the downward structure. Subsequently, signals of weakening downward momentum need to be released respectively on the 2nd, 3rd, 5th day, and weekly lines before the trend can gradually reverse. If there is a second retracement of the bear-bull line, then look at the gains and losses near 64800. If it breaks, it will go to 60000; if it holds, it will return to 66000+ again.