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The 4-hour upward channel (bear flag) has been broken, and a downward channel has formed on the small timeframe simultaneously.
If the price cannot break through 70,000 on the rebound, it remains a good shorting opportunity. Focus on shorting when the rebound reaches the lower boundary of the channel at 68,400 and faces resistance.
For longs below, only a light position is recommended around 62,600 to try going long once. $BTC