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Bitcoin Afternoon Analysis
Since dropping from the high of 71,742, Bitcoin has continued to trade below the MA7 and MA30 moving averages. The short-term moving averages are turning downward, creating resistance. The rebound strength is weak, and the downward trend has been established. The KD indicator remains in the low weak zone, with no clear turning signals. The bearish momentum has not been fully released. After dropping to 69,350, the rebound was only a technical correction and did not change the overall bearish pattern.
Trading suggestion: 70,300-70,800 range, target 68,300-68,800.