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Bitcoin Afternoon Analysis
After the price surged to 2288, it experienced high-level consolidation with a long bearish candlestick forming, indicating the bulls' momentum has clearly weakened. The price is under pressure at the Bollinger Band upper rail, the KDJ indicator is in overbought territory and turning downward, the moving average deviation rate is excessive, and there is a strong technical correction demand.
Geopolitical risk-off sentiment has partially retreated, combined with a stronger US dollar and delayed Fed rate cut expectations, risk assets are collectively under pressure. Bitcoin's current rally has already been substantial, with increased profit-taking intentions from funds and lacking new positive catalysts.
Trading Suggestion: Resistance range 2280-2310, target 2200-2100.$ETH $GT