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7.1 Morning BTC Guide: No Hope for New Highs, Overall Trend is Bearish!
Market Analysis: Last night, BTC dropped to 106700 and then quickly rebounded, but there is still obvious selling pressure above. The overall trend remains bearish, and in recent times, the fluctuation range of most K lines has been large. It shows a correction trend after a pullback from a high position. Around 107500, some small bearish and bullish candles with relatively long upper and lower shadows appeared, indicating fierce competition between bulls and bears at that position, with no signs of a reversal in the downtrend.
Direction: Short at 107700-108300
Target 107000-106500
Personal advice, for reference only!
Set stop loss, set stop loss, set stop loss!