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Yesterday's celebration was as intense as today's calm! On the hourly chart, the short-term moving averages are gradually turning downward and diverging. The short-term trend continues to stay somewhat weak. The price action is a bit cautious, and our trading strategy remains to short at high levels whenever possible. In summary, follow the trend and go short.
Thursday morning trading suggestions:
Bitcoin: Short near 71,500-72,000, with targets at 70,000~69,000!
Ethereum: Short near 2,220-2,250, with targets at 2,150~2,100