On the daily timeframe, price has already broken through the key support level of 74,000, currently trading below the middle band of the Bollinger Bands, and has formed a typical "dark cloud cover" pattern, which is a strong bearish reversal signal. Meanwhile, the MACD indicator has also turned into a death cross, clearly indicating that bullish momentum is nearly exhausted, and the market trend may face further corrections.
Shifting focus to the four-hour timeframe, after piercing the important psychological level of 70,000, price is exhibiting weak consolidation near 69,000. Observing the mo
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