Currently, the market shows signs of stabilizing after a sharp decline, with a 15-minute candlestick closing as a bullish line with a lower shadow, indicating increased short-term rebound demand.


From the candlestick pattern, after the previous break below 62,300, the bearish momentum was concentrated and released, but the decline from yesterday to today has consumed a large amount of selling pressure.
Currently, the price has regained above the hourly Bollinger lower band, showing a willingness for short-term upward correction.
The short-term support for Bitcoin is around 61,200-61,400, and for Ethereum around 1,630-1,635; as long as these levels are not broken, the bottom remains solid.
Overall, after continuous decline, the market needs to catch its breath, and there is a basis for a short-term rebound correction.
Next, focus on whether the price can volume up and stabilize around key resistance levels near 62,000 and 1,660; if successful, the rebound space will further open.
#Gate直通IPO认购SpaceX $BTC $ETH
BTC-2.08%
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