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Weekend movement still shows a relatively weak pullback, with the market briefly surging to around 68,100 yesterday evening before facing resistance. The oscillating market structure exhibited a downward trend, and in the early morning, a further increase in bearish volume caused the price to dip to around 65,500, then stabilize and recover. Currently, the price has recovered above 66,000. Regarding Ethereum, it briefly dipped to around 1,900 before stabilizing and recovering, and the current market has seen some rebound. Over the weekend, there was a pullback, but key support levels were not broken. The overall trend remains primarily bullish with low positions.
Looking at the current chart, the daily chart shows continued downward movement during the weekend consolidation, forming four consecutive bearish candles, indicating a downward trend. The death cross on the KDJ suggests increased bearish volume, which is understandable. However, the key support at the bottom has not been broken, and the daily closing could still produce a long lower shadow, indicating strong support at the bottom of the market. The overall market may experience a technical rebound at any time. The 65,000-65,500 area is near the previous breakout point and is an important support level, making it a good long-term entry zone for bottom-fishing.
On the four-hour chart, after forming a descending channel, the market shows a stepwise decline, with each low getting lower. After breaking below support early in the morning, the price retested the key support level and experienced a significant breakdown. Currently, the market is pulling back from the bottom before a substantial breach of key resistance levels. As long as it remains around critical support, bottom-fishing remains viable.
For Bitcoin, consider going long around 65,500-66,000, targeting 67,300-68,200. For Ethereum, consider going long around 1,920-1,940, targeting near 1,980. #加密市场小幅下跌 $BTC $ETH