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In the short term, bitcoin continues to go down, breaking the 66.5k support and moving to a lower price range.

What is the reason:

- bitcoin cannot break the 70k-71k resistance mark, overbought market sentiment

- US inflation tends to increase or move sideways

- Bitcoin miners are selling off at a deficit

- Market sentiment is disappointing when the Fed only lowers interest rates once in 2024

- When EURO season comes, money will be moved in the short term

Conclusion: Bitcoin continues to adjust in the short term for 2 weeks to the 66.5k -> 60k-> 55k8 area and then explodes.