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Bitcoin gradually climbed from the early morning low of 60755 to around 61800, and Ethereum also recovered from 1613 back to 1640. Although the rebound after this sharp decline was slow, it finally stabilized.
After the decline, the market continuously formed small bullish candles, with the lows gradually rising and no new lows being made. A large bearish candle quickly pushed the price to a low, then immediately closed with a stop-loss candle. There was no sign of a sustained downward trend with increasing volume, indicating that the bearish force has been fully released at once. The bulls quickly entered at the low levels to support the market. The strategy remains focused on repairing the lows around the support levels.
Lower support:
61500-61000 range
1613-1630 range
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