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6.15 A Million Clock Lunchtime Market Insights
Market Review
Bitcoin fluctuated and rebounded intraday, stabilizing above the 65,000 level, reaching up to the 65,995 range before experiencing a slight pullback. Over the past 24 hours, the market has shown a slight upward trend, with continuous outflows of chips from exchanges. Large holdings are mainly locked or held in coins, and selling pressure is gradually easing. Overall, the market trend is relatively stable.
Market Analysis
The hourly trend remains upward, with the short-term bullish structure intact. The short-term resistance zone is around 66,000-66,200, with the first support at 65,000, and a strong core support zone between 64,200-64,500. Currently, the volume during the rally is diminishing, and the lunchtime market is expected to mainly fluctuate sideways at high levels.
Trading Strategy
It is recommended to buy on dips and avoid blindly chasing the rally.
You can consider entering long positions in the 65,200-65,500 range, with a stop loss around 64,400. The first target is 65,900-66,200, and after a successful breakout, it can aim for 66,800.
Please keep trading with a light position, strictly manage #我的Gate交易时刻 risk, and set stop losses.