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Meilin (美林 / 美琳)
US spot $BTC ETF saw an outflow of $1.6 billion in November, while stock funds are bottom-fishing.
I'm bearish: the price is still below the 200EMA, and in the past 24 hours, long positions liquidated $15.31 million; price is falling while open interest is rising, indicating sellers are adding positions.
The $74,888 level has been tested with 4 rallies, 2 pullbacks, and 2 breakouts (both times falling back afterward). I won't chase longs here; the short-term market
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