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Evening Market Outlook
Bitcoin/Ethereum early session long ideas around 65,500 to 66,000 and 1,960 to 1,980 successfully pushed up to around 67,900 and 2,075. Currently, after a rally, the market has pulled back slightly. Watch the short-term support levels at 65,500 and 1,980. If support holds, further rebounds and upward movements are likely. However, the short-term rally is also influenced by external news, with resistance near 2,080 and 68,000, suggesting a possible pullback. The 4-hour candlestick chart shows a strong rebound from early morning, with multiple consecutive bullish candles, indicating that short-term buyers are in control.
The latest 4-hour candle shows a small-bodied candle with a long upper shadow, reaching a high of 2,075, indicating selling pressure around this level. The daily chart remains in a rebound within the recent downtrend. The MACD on the 4-hour chart has formed a golden cross, with the DIF line crossing above the DEA line, and the MACD histogram turning positive and expanding, signaling increasing short-term bullish momentum. Caution is advised for potential pullbacks and support levels below.
Trading Suggestions:
Buy near 68,000 for Bitcoin, target around 66,500
Sell near 2,080 for Ethereum, target around 2,030
Three Stripes+
Btc244930
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