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Evening Bitcoin Public Analysis:
Daily level shows clear reversal pattern at high levels, with each rebound high lower than the last, lows continuously declining, overall entering a clear downtrend structure.
Medium to long-term moving averages transitioning from support to resistance, price continuously pressured below key moving average levels, moving average system displaying bearish alignment.
Various trend indicators weakening in sync, bullish momentum continuously diminishing, rebounds lacking volume confirmation, typical continuation downtrend pattern.
Overall market structure remains bearish, short-term weakness already established, no clear stop-loss signals yet, trend direction is clear.
Bitcoin: Can head south from 71000-71500 rebound
First target 70000, second target 69000 (cautious)
$BTC #加密市场回涨