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Happy Lantern Festival
Bitcoin broke out of a major level yesterday and tested above 70,000, but it did not stabilize above that level. Currently, there is a double top resistance and a pullback.
The four-hour chart shows four consecutive bearish candles and a decline, indicating a top formation above. Therefore, the bears are likely to continue trading within a range and push the price lower.
Today, you can watch the 68,700-69,000 level for further decline, with a target of 66,700. If it breaks below, look toward the 65,000 level.