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March 9 Morning Bitcoin Analysis:
Last night, Bitcoin started to decline from the peak of 68,171.6, then dropped sharply to 65,569.2. Although there was a slight technical rebound, the bullish momentum remains weak. Currently, the price is oscillating narrowly around 65,946.5, and overall, it is still in a weak correction phase.
Key Observation Levels:
- Core support below: 65,000-65,500 zone. If this level is effectively broken, it will further open the downside space;
- Resistance above: 67,000. Until this level is reclaimed, the short-term weak pattern will persist.
Core Strategy: Rebound from resistance levels to short, with strict risk control.