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Currently, the market is in an overheated state, so we need to pay attention to the pullback risk and follow the staged resistance of the selling pressure zone at the previous high point, and be prepared to respond.
resistance level reference:
First resistance level: 65800
Second resistance level: 66400
If the price of the coin fails to break through the first resistance level and undergoes adjustment, if it can hold the short-term support at 65000, we can expect the price of the coin to be tested again.
Due to the current overheated state of the market, there is a high probability of a significant pullback, and a short-term adjustment can be expected at high levels. If the coin price does not decline, it is considered an adjustment and an opportunity to seek short-term entry.
support level reference:
First support level: 65000
Second support level: 64300
If the short-term coin price can hold the first support, the view of maintaining the Rebound can be followed, but attention is needed to the upper edge of the follow rise channel and the psychological support level of 65000.
If it falls to the vicinity of the first support, the market will return to the rising channel and may rebound after a brief consolidation period of latency rebound time.
In today's trading, due to the market being overheated, pay attention to the pullback risk and maintain a Rebound perspective.
Due to the release of the index today, there may be volatility in the evening. If the index performs well, then BTC will have another new high.
Long entry position reference: Long in batches in the 63800-64300 range, defend 500 points, target 65000-65800
Short entry reference: Short in batches in the range of 65900-66400, with a stop loss of 500 points, and a target of 65000-64300.
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