【11.1 Bitcoin Market Analysis】

At this stage, after a sharp drop back to the bottom of 68800, Bitcoin has started to stabilize and hover at a low level during the day. In the short term, there are no significant signs of a bottoming out, and from the daily perspective, there is still some bearish space that can continue. The only thing we need to pay attention to is that during the day, there is a high probability of a slight warming trend, so it is not very appropriate to rush into a short position. It is still recommended to enter a short position near the pressure point of the upper top and bottom conversion. Alternatively, we can wait for the next support at a low point to enter a long position.

【11.1 Bitcoin Trading Strategy Reference】

Short Position: You can enter a short position near 70800, with a stop-loss at 71400. The target is to reduce positions near 69600 and continue to see down to 68400 in batches.

If the price remains sideways below 70000 during the day, then the evening short can be entered early at 70000.

Long Position: During the day, if it retraces to 69100-68900, use a 300-point stop-loss to enter long, targeting to exit in batches at 69800-70500.

If the stop-loss is hit or the price does not drop to the long entry position during the day, then in the evening, we can continue to set up long positions at 68200-67800, targeting to exit at 69000-69800.

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