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After four hours of continuous decline with consecutive long lower shadows, multiple candles now show long lower wicks, indicating support levels. Coupled with a stable weekend market, the downward momentum has significantly slowed. Following a sharp correction, buying interest has increased, and the KDJ indicator is about to cross above the zero line, with bullish momentum gradually building. The market is expected to rebound and recover.
On the hourly chart, after the price quickly broke below the lower band, it formed a bullish engulfing and bearish engulfing pattern. The decline has slowed and a gradual upward correction has begun, approaching the middle band; the MACD has shifted from negative to positive, signaling stabilization.
Currently, the market is mainly in a bottoming rebound phase. It is recommended to buy on dips.
BTC: Around 66,000-65,500, aiming for 67,000-68,800
ETH: Around 1,970-1,930, aiming for 2,020-2,130