Bitcoin displayed a pattern of consolidation at higher levels following a bottom-searching rebound throughout the day. Price continued to decline from around 71,500 in the early morning, breaking through the 70,000 level, followed by a gradual decline with oscillations. It rebounded off the bottom in the afternoon, reaching a high near 71,300. After the US market opening, the price came under pressure and retreated, losing key support levels from the Asia-Europe session. We began establishing short positions in the morning and have successfully taken profits at 1,300 pips.
From a technical per
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