On the weekly level, the death cross volume has decreased, primarily due to the fluctuations in the previous two weeks.



However, it does not affect the K-line arrangement and combination, indicating a short-term re-test of support forming a double bottom situation. Therefore, the price may fluctuate widely between 78k and 88k in the short term. Once it touches 88k again, it will consume all the short-term small-level bullish momentum, and then a new round of decline will begin.

This week's bottom near 78k needs to be verified and tested to see if it will be broken. If it cannot be broken, the price is very likely to return to around 88k. Therefore, short-term shorts should consider exiting between 80-79k and plan for future actions. If a strong break occurs, then consider pursuing shorts towards 70k. If a rebound occurs, then the opportunity to re-enter positions should be considered above 87k.
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