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From the technical pattern breakdown, it has fallen back from 70,000, forming a downward channel with weak rebounds.
From the bearish divergence, the 4-hour price has made a new high while MACD has not, indicating a clear bearish signal.
Regarding market pressure, March unlocks exceed $6 billion, with concentrated contract positions and ongoing selling pressure.
From the correlation weakening, it has synchronized with the pullback of US stocks and risk assets, with safe-haven funds flowing into gold.

Bitcoin: A rebound to around 67,000-67,500 could be a short-term sell signal, targeting 66,000-64,000.
Ethereum: A rebound to around 1980-2000 could be a short-term sell signal, targeting around 1900.
$BTC #2月非农意外负增长
$ETH #加密市场小幅下跌
BTC0,56%
ETH2%
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