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4.5 Sunday Bitcoin Morning Outlook
Yesterday, the market pace slowed down again, and Bitcoin mostly traded sideways during the day. Although there was a rebound at night, it faced resistance around the 675 level and is currently fluctuating near 672. Yesterday, I publicly recommended shorting at the current price of 671, and this signal remains valid.
From a technical perspective, the small-term structure remains in a sideways correction pattern, with no clear bullish or bearish signals in the short term. Short-term resistance is at 675. Today, consider shorting around this area for a quick pullback. If it drops below 665-660, do not expect a sustained reversal to the long side.