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Although tonight's market trend shows that the intraday rebound temporarily broke the previous downtrend, structurally this appears to be more of a technical correction and far from enough to reverse the overall downward trend. After failing to test the key resistance level at 68,500, the market has already experienced a clear pullback, which precisely confirms that the upward pressure remains strong. It will be very difficult for the market to form a reversal rebound in the near future, and we should not hold unrealistic expectations. The more prudent strategy now is to closely monitor the breakthrough of key resistance levels. Once a clear sign of resistance during the rebound appears, it will be an opportunity to set up short positions and accurately grasp the retracement space.
Bitcoin can short at 68100-68600, targeting around 66500
Ethereum can short at 2010-2040, targeting around 1920
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