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The space for Bitcoin is gradually narrowing, and we are currently in a recovery state, waiting for Ethereum to rise to a certain level. The bears may start to fight back, after all, Ethereum is currently following the rise and not the fall. Once the recovery is nearly complete, I lean towards the bears having a significant pullback.

From a larger perspective, looking at the daily chart, the daily candlestick shows three consecutive bearish candles followed by a bullish one. The candlestick has multiple upper shadows, indicating that the upward momentum is gradually weakening. Combined with the indicators in the attached chart, the rebound space is not large. Based on the above, we can wait for a rebound to short.

Rebound target at 119600-120000, aiming for the 116800 position.

Follow the public account, what can relieve worries? Only Jiang Wei.

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