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Today’s Bitcoin second wave analysis:
Since dropping below 70,000, a downward channel has formed, and the rebound strength is weak; a new high in the 4-hour cycle accompanied by MACD divergence without a new high indicates a clear bearish signal; combined with over $6 billion unlock volume in March, concentrated contract positions exert continuous selling pressure, and the market is weakening along with US stocks and other risk assets. Funds are shifting to gold for safety, forming an overall bearish trend.
Bitcoin second wave:
Bitcoin: A rebound to around 67,000-67,500 could target 66,000-64,000
Second wave: A rebound to around 1,980-2,000 could target around 1,900