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BTCUSD: Short-Term Range Trading as Bulls and Bears Stalemate

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On the weekly timeframe, prices retreated under pressure after hitting a high of 112,000, forming consecutive bearish candles. Despite this, prices remain at elevated levels, intensifying overall market volatility. Prior to Friday, the daily chart showed a sideways-downward trend, but yesterday’s data-driven rally appeared to disrupt this pattern, creating conflicting signals. Technical indicators on the 4-hour and hourly charts are shifting rapidly, with no clear signals for medium-to-long-term trends.

The current trend is likely to remain range-bound, with resistance at 107,000 and support at 101,000.

BTC/USD
sell@106000-107000
tp:102000-101000

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This afternoon, the first meeting of the China-US economic and trade consultation mechanism was held in London, and the meeting will continue tomorrow. As the meeting has not yet concluded, no information has been disclosed for the time being. However, this meeting is highly likely to impact market trends, and we will continue to monitor it.

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