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Friday Night Jingyi's Thinking
From the four-hour timeframe, the current situation maintains a range-bound fluctuation, with the MACD red bars continuing the bullish pattern, and the KDJ near resistance at high levels, indicating a short-term slight pullback may be needed.
Key support below is 62,000-62,500, resistance at 64,000, a volume breakout could target 65,000, and the overall bullish structure remains intact, following the trend.
Bitcoin and Ethereum move in sync; for Ethereum to have a chance to hit 1700, Bitcoin needs to stay above 6400; if it falls back and loses 1630, it will test the support at 1600.
Strong support: 1630-1600
Resistance level: 1693-1700, the whole idea can maintain a high-altitude operation.
Trading suggestions:
Short positions in the 638-645 range for Bitcoin, targeting 625-620 below.
Short positions in the 1680-1700 range for Ethereum, targeting 1630-1600-1560. #我的Gate交易时刻