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Last night, Bitcoin steadily climbed from the 66,100 level, breaking through the previous consolidation zone with increased volume. It reached a high of 67,300 before slightly pulling back, currently consolidating around 67,000. The candlestick pattern shows a full-bodied bullish candle with higher highs, indicating a typical breakout retest pattern. The previous resistance at 66,500 has now turned into a key support level, and the overall upward structure remains intact.
In terms of volume, the upward phase is characterized by significant trading volume, with clear signs of capital inflow. Du
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Reviewing the afternoon market, Bitcoin faced resistance at around 68,900 and pulled back. The bears increased selling volume in two consecutive waves, initially dropping to around 68,100 for a brief sideways consolidation. Then, the bears regained momentum, with the price hitting a low of approximately 66,100, resulting in an overall correction of about 2,000 points. Currently, the price has slightly rebounded, trading around 66,600.
From a structural perspective, although this correction is quite significant, it is more of a deep shakeout within the bullish trend rather than a trend reversal
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Early morning Ethereum dipped to around 2055 for support, then quickly rebounded to near 2075, currently consolidating within a narrow range around 2070. From a technical perspective, this downward move did not break through the previous key area; the 2050-2055 zone showed strong buying support, and the hourly chart formed a long lower shadow, indicating active capital intervention at low levels.
After a brief dip, the price quickly recovered above 2070, showing that the bearish momentum is weakening and market sentiment is gradually improving. Currently, the short-term moving averages have tu
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ParnoRuslanvip:
News about the war between the US and Iran is happening again and again, the pressure on Bitcoin 72000 is strong, upward movements are being blocked, further correction is expected.
In the early morning, Bitcoin dipped to around 68,100 but quickly stopped falling and rebounded, reaching a high of 69,500. Currently, it is consolidating around 68,900. From a technical perspective, this decline did not form an effective breakdown, as there is clear support around 68,100. The hourly chart shows a long lower shadow, indicating strong buying interest at low levels.
The price quickly recovered lost ground and re-closed above the 69,000 level, suggesting that the bulls have not given up resistance. The current consolidation appears to be building momentum for the next upward move
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Last night's market experienced a needle-like breakdown, briefly piercing below the 68,600 level before quickly recovering. Currently, the price has recovered to around 68,800. Although this wave of loss-cutting exceeded expectations, no effective breakdown has been formed structurally, and there is still a clear willingness to support below 69,000.
From an hourly perspective, after the price dipped below 68,600 with a needle-like move, it quickly rebounded, forming a long lower shadow on the candlestick, indicating that although the bears exerted some pressure, they failed to hold the lows. T
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In the afternoon, Bitcoin stabilized around 69,300 after finding support, and has now rebounded to around 69,600. Long positions established in the afternoon are being held smoothly. From a structural perspective, the 69,300 level, which has been tested multiple times previously, once again confirms a clear willingness to support this level. The bottoming and rebound candlestick pattern provides a foundation for a potential rally.
From an hourly perspective, the price formed a long lower shadow at 69,300, signaling a halt in the decline. The short-term moving averages MA5 and MA10 are beginnin
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JamesL0111vip:
Keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, cheer up!
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