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GUSD Minting
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10.28 BTC Morning Thoughts
The current market shows a weakening momentum for BTC, with strong resistance at 116,500. There are over 12,000 orders at this level, and a breakthrough requires substantial volume; otherwise, it may quickly retract.
The MA5 and MA10 death cross at the 1-hour level indicates a clear pullback signal.
Operation Suggestions:
Short around 114,500-114,800, looking down at 112,800 and 111,000, hold if broken. #BTC