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Follow the Bitcoin rhythm, after overnight rebound to around 2218, it faced resistance and fell back, currently oscillating around 2205.
From the four-hour structure, after the previous bearish volume decline, the rebound space starting from 2157 has been mostly absorbed, and the market has entered a consolidation phase, with overall momentum weakening, and short-term bias remains bearish.
Although small upward movements accompanied by small positive candles are slowly rising in the smaller timeframes, the upward momentum is clearly insufficient, more inclined toward a weak correction, making it difficult to form an effective reversal. The current pattern is still dominated by bears, and market sentiment is noticeably bearish.
For intraday trading, continue with a high-short strategy, focusing on rebound short opportunities around 2210 and 2230, with downside targets in the 2150-2100 range. #Gate上线Pre-IPOs $BTC