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Wednesday, Watch for No Change!
From a technical structure perspective, on the four-hour chart, the trading channel continues to narrow and trend downward. The price is oscillating weakly and continuing to decline, without forming a significant rebound. The volume shows a weak bullish pattern, and the moving averages are all trending downward. The small timeframe still favors a bearish outlook.
On the daily chart, the trading channel remains downward. The price is consolidating weakly within the upper and lower bands. After a sharp drop, there is no effective rebound. The bearish volume continues to thin out, and the moving averages have not shown a strong upward movement. Personally, I still favor a bearish initial outlook this week. Whether there will be a rebound to recover depends on support levels for further follow-up.
Bitcoin suggestion: Short in the 71,000-71,500 range, with a stop at 72,200. Target below 68,000-66,000-64,000.