Negotiations broke down! Safe-haven demand boosted gold to a significant rise, but Bitcoin, on the other hand, faced a substantial decline, reversing all the gains made at the end of last month. Technical indicators once again show strong bearish momentum. As mentioned earlier, a rebound is not a reversal. Currently, prices are fluctuating at low levels with weak rebound strength. For intraday short positions, continue to short on rebounds.

Trading suggestion: Short near 88200, target around 85000

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