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A clear comparison with historical trends shows that in Figure 1, the previous bear market oscillation range, and in Figure 2, the current Bitcoin trend, are almost perfectly replicated.
Prices have been firmly confined within a parallel range. Bulls seem to be rebounding, but in reality, they lack the strength to break through. Every rally is just preparing for a decline.
Once the bear market structure is established, oscillations are merely a continuation of the downtrend. A break of the yellow parallel range is highly likely.
Don't get caught up in short-term fluctuations. Focus on the resistance zone at high levels, gradually opening short positions around 74,000, and adding to shorts at the limit of 78,000. Follow the trend, and profits will naturally be realized.
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