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It’s a new week again—today’s Bitcoin on Monday:
Bitcoin is currently trading around 71,100. It has already broken through the Bollinger Bands middle band at 72,100, and the “head” pattern is clearly established.
Capital remains weak. The “head” momentum isn’t decreasing. The Bollinger Bands are opening downward, and the market has entered a downward iteration channel.
72,000 has turned into strong resistance—so any rebound is a chance to short the “head.”
If it breaks below 70,400, the 70,000 level is very likely to be lost.
Operation: Short near 72,000, target 70,500, stop loss 72500#BTC