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Afternoon Analysis
Yesterday, the bulls launched a strong counterattack, and Bitcoin fluctuated higher, reaching a high of around 69,500; this morning, it surged again to 70,500 but quickly pulled back under strong resistance, with the bullish volume clearly weakening. Influenced by related statements, the price temporarily surged, but the international situation remains tense, and risks have not dissipated.
If the price continues to rise in the near future, focus on whether the key level of 71,000 can be effectively broken; until the price stabilizes above this level, trading should mainly focus on short positions, with caution on long positions, and be alert to major players manipulating the market to shake out traders.
Trading Suggestions
Short positions around 70,300-70,800 for Bitcoin, with targets near 68,300-68,800
Short positions around 2,070-2,100 for Ethereum, with targets near 1,900-1,930