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The momentum for BTC has clearly weakened. Compared to the rebound performance in October, the current rebound strength has significantly decreased, which intuitively reflects the continued cooling of market buying interest.
The bearish forces have not yet fully exhausted, and the short-term market presents a weak oscillation pattern. It cannot be ruled out that there will be further downward probing, testing lower support zones.
BTC suggests to short around 108000-108800, with targets at 106300 and 105500.