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#BTC# 8.1 Afternoon Analysis
BTC is currently in a downtrend, with reduced risk appetite and funds withdrawing from the crypto market. On the policy front, multiple countries are tightening regulations, leading to widespread market panic. Technically, the price has continuously broken important support levels, with moving averages showing a bearish arrangement, and selling pressure is strong, pushing BTC prices further down.
Suggestion: Short around 114900, watch 114400~114000