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Good morning, friends. Another night has passed. How did everyone fare? The strategy clearly indicated at midnight yesterday: short-term technical corrections are unlikely to reverse the overall weak trend. It is recommended to follow the key resistance levels and position accordingly. The market rebounded to around 69,100 but faced resistance and pulled back, then quickly weakened, with a low of about 68,100, successfully realizing nearly 1,000 points of profit.
From the current market situation, after testing back and forth overnight, the overall weak pattern of Bitcoin has become quite clear. The rebound has further confirmed the strong resistance area above. The trading volume is insufficient, and the rebound lacks effective continuation. The four-hour chart shows an inverted hanging man candlestick, briefly releasing bearish sentiment. The price still finds temporary support at the lower band of the Bollinger Bands, and in the short term, Bitcoin remains in a consolidation phase. Therefore, in this morning’s analysis, we maintain our view on Bitcoin and continue to look for high-level opportunities to buy on dips.
Bitcoin: around 69,200 with support, with a target of 67,500.
Altcoin: around 2,090 with support, with a target of 2,000. #以太坊L2叙事再升级 $BTC