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Bitcoin's bearish momentum on the 4-hour chart is just too weak❗️ The rebound will continue❗️ Based on the latest data and capital flows, I believe there’s a high probability that Bitcoin’s price will rebound to the Fibonacci retracement level of 0.618, around 63,500. There’s also a decent chance the price could rebound to the Fibonacci retracement level of 0.786, around 65,000, as shown in the chart below! As for whether it can rebound to just below 68,000 for a second top test, we’ll need to monitor the strength of the bullish and bearish momentum, as well as the data and capital flows. Let’s analyze and predict step by step, and take it one bite at a time. Trading in a choppy market isn’t easy—props to those brave enough to take action!

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