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BTC 4-hour chart broke below the ascending channel and formed a small downward channel.
This morning, it rebounded a few thousand points near the edge of the downward channel. Previously, I also suggested trying to go long around 65 here.
Currently, upward momentum is slowing down due to resistance above. If it can break through the small resistance zone at 675, we can watch for a move towards 688.
This level faces significant resistance, including the upper edge of the downward channel and horizontal resistance. After breaking below the upward trendline, the resistance will be even stronger.
For long positions, I only recommend supporting at the 624 level. In a bear market, it's best to take small positions when going long!!!! $BTC