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Market selling pressure increases again, bulls weaken, and after failing to break the support, a sideways downward trend is expected.
The overall intraday trend is currently leaning towards sideways decline. At present, the selling pressure remains very strong. Yesterday's rebound just touched the weekly MA5 moving average, indicating that the upward resistance has been tested. The next focus is whether the weekly MA5 can be effectively broken. If the breakout fails again, a volume-driven decline will follow.
The short-term rebound short-selling strategy is to short Bitcoin around 88,000 and Ethereum around 2,950. Be patient and hold. The short-term targets are first around 87,000 and 2,900. If the support breaks, look for a move towards 86,000 and 2,850.
The above are personal evening trading suggestions for reference only. #GateLive直播挖矿公测开启