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The three-day deadline has passed, and the third technical path for BTC has been passed.
Currently, BTC continues to fluctuate around 109,400-111,000, with insufficient bullish momentum and under pressure from short positions.
At the 15-minute level, we still cannot rule out the possibility of a short-term rise. However, on the daily chart, the probability of a short-term rebound and rise is significantly decreasing, and the market trend is gradually approaching the second technical path.
We maintain our view that the short-term short position trend for BTC remains unchanged. BTC can be shorted on rallies; it is not advisable to buy on dips for now. $BTC