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6.15 Morning Bitcoin Chart 🍜 Market Perspective
Violent surge breaking previous high! Is Bitcoin's bullish trend fully ignited?!
Yesterday, Bitcoin continued its oscillating upward trend, with increased volume overnight pushing the price higher and breaking through the previous high, surging from around 61,000 all the way up, reaching a high of 65,666, and finally closing near 65,400. The 4-hour chart shows a large bullish candlestick, with bullish momentum fully released, breaking the recent consolidation pattern.
After the 4-hour large bullish candlestick broke through, it stabilized above 65,000, with the MACD golden cross continuing, indicating a clear bullish trend. Currently, it is in a high-level oscillation after the breakout, which is a healthy correction for the bulls.
Support levels: First support at 65,000, second support at 64,500
Resistance levels: First resistance at 66,000, second resistance at 66,500
Trading Suggestions:
1. Stabilize around 64,800-65,000, set stop loss at 64,300, target at 66,000-66,500.
2. If the rebound is weak, consider a light short position when touching 66,500-66,600, with a stop loss at 66,800, and target at 65,800-65,500. $BTC $ETH