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Bitcoin falls below $104,000! Whether the adjustment is over or not! Today's trend analysis and operation strategy


Bitcoin continued to fall during the night, closing the daily line with a long bearish candle, which indicates that short selling momentum is gradually increasing. From a broader perspective, the strategy of looking for a pullback remains unchanged. Currently, there are no signs of a bottoming out, and the first target below can be focused on the 100000 - 102000 range. If it breaks down, it may accelerate the fall, looking towards 92000 - 94000.
The weekly ETH chart shows a three-line needle formation, with strong resistance in the 2750 - 2800 range. The daily chart continues to weaken, and there has not yet been a signal for a stop in the fall. The strategy remains focused on expecting a pullback. The first target below is around 2400; if it breaks, it will accelerate the test of the support range at 2200 - 2300.

trading strategy
Due to the weekend closure of the US market and the impact of the Dragon Boat Festival on the Asian market, market liquidity is relatively poor. Next week, important data such as non-farm payrolls and unemployment rate will be released, and the market will be more volatile at that time. Patience, patience, patience.
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