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Today’s Data Analysis and Trend Forecast
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Institutions still hold a large majority, with an absolute advantage in short positions.
Indicating that institutions remain bearish.
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A small portion of shorts have taken profits, and longs are opened around 65,000.
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However, overall, the ratio remains 4:1, with a clear advantage for shorts.
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Currently, Bitcoin is oscillating between the support level at 65,000 and the resistance level at 70,000.
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Adding the Middle East situation, uncertainty has increased.
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Trading suggestion: Go long around 65,000, go short around 70,000.
Prioritize short positions! Focus on quick trades!
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Spot traders should wait for signals to appear before notifying to go all-in!