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October 17, #Bitcoin market analysis: The bears took the stage today, but their performance was a bit "lame"!
Today, Bitcoin gave the bears a perfect "performance opportunity" to show off. However, embarrassingly, the bears didn't live up to expectations—like a striker who was supposed to score but slipped, sending the ball flying into the stands.
From a technical perspective, although the market created favorable conditions for the bears, they seemed to miss the chance. They neither significantly pushed down the price nor brought any noteworthy decline. In fact, the lack of bearish momentum might indicate that the bulls still dominate the market.
In short: If the bears can't "show off," the bulls might seize the opportunity to strike~
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