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BTC has reached the local upside limit, but due to not breaking through the previous highs and lows, a reliable short positions entry signal cannot be formed for the time being. The price is still fluctuating around the range near November 25.
At this moment, what is being tested is trading discipline - don't rush to chase orders, have the patience to let the market reveal its direction by itself.
From a downward perspective, the risks are as follows: the price needs to further clarify its direction, and the current sideways movement means that neither an increase nor a decrease has been conclusively determined.