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More
Really concerning
overnight
This week's market breakdown was a bit too harsh, retracing all of last week's gains in just three days. The expected weekly rebound continuation has now been disrupted, and the structure has been damaged, possibly weakening the momentum. The price has already touched the key weekly support level; if it further breaks below, the subsequent trend will not be optimistic.
In terms of operation, friends holding positions, please remain patient and do not rush to add more. Wait for a rebound to appear. The key support level for Bitcoin is in the 87500-88000 range, and a rebound is expected around this area. Initial resistance above is in the 90000-91000 zone; if a strong breakthrough occurs, the next target could be around 92500-93000.
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