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6.4 Lunchtime Bitcoin Chart 🍜 Poetry Viewpoint
Shocking 61,000! Bitcoin's deep V reversal, is this the main force "trapping the shorts" or a real drop?
The early session sharply dropped to 61,344, then quickly rebounded to 64,383, closing with a very long lower shadow.
The bears have exhausted their selling, strong buying support below, and the short-term panic sentiment has been released.
The 4-hour timeframe is severely oversold, the long lower shadow confirms a short-term bottom, and a move into the 63,000-66,000 range for consolidation and recovery is expected.
Support level: 63,000
Resistance level: 66,000
Trading advice:
Strategy: Primarily buy on dips, do not chase shorts.
1. Rebound to around 63,500-63,800 to buy, target 65,500.
2. If the rebound is blocked above 66,000, consider shorting. $BTC $ETH $GT