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6.8 Morning Market Analysis Bullish Momentum Begins to Emerge$BTC $ETH
From the daily chart perspective, the coin price has finally stabilized and rebounded after continuous declines, successfully forming a bullish candlestick. This trend indicates that the buying pressure at lower levels is steadily increasing, the short-term bearish force is gradually weakening, and the bulls are starting to actively exert effort, signaling a market turning point.
The four-hour timeframe also shows strong performance, successfully closing with a solid bullish candlestick. It is particularly important to note that this rebound is not merely a technical correction, but a clear signal of the bulls launching a full-scale counterattack. Moving forward, after the price retests and confirms the support level, we will focus on the breakthrough and stabilization of key resistance levels above. If the bulls can successfully break through and hold this level, the overall trend may reverse completely, and subsequent operations should confidently follow the bullish trend.
Trading Suggestions
Buy long positions directly within the 63,500–63,000 range, targeting 64,800–65,500.