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3.4 Wednesday Mu Feng Afternoon Bitcoin Market Analysis
Since Bitcoin surged to 69,000 in the early morning and faced resistance, it has attempted to test this level multiple times without success. By Wednesday, the Asian session has already formed a standard range-bound pattern, with resistance at 69,000 and support at 67,300. Before the US stock market opens in the evening, no significant movement is expected. Given the clear pattern, it is recommended to operate within the range by shorting at the top and going long at the bottom in the afternoon.
Trading Suggestions
Bitcoin: Short at 69,000, target 67,000. If the target is reached without breaking, reverse to long.
No more words about the longs or shorts, let's keep it simple for now.