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2.28 Bitcoin Strategy
$BTC $ETH
The current market is weak and volatile, with insufficient bullish momentum and a lack of rebound. Coupled with light trading over the weekend, volatility has contracted, and the market is mainly consolidating within a narrow range. It is not suitable for aggressive trading at the moment; a wait-and-see approach with controlled positions is recommended.
The overall trend remains bearish. The rebound does not change the downward structure; continue to favor short positions on rebounds and avoid bottom fishing against the trend.
- Resistance level: Around 66,500, a key area for resistance during rebounds.
- Support level: Around 65,000; a break below this could open the downside space.