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6.16 Morning Bitcoin Market Outlook 🍜
Bitcoin correction is a buying opportunity, the levels today are clear!
Yesterday, a 4-hour chart started from a low of 63,650 with continuous large bullish candles, reaching a new high of 67,255; bullish profit-taking led to a sharp decline, followed by two consecutive bearish candles, now at 66,232.
The 4-hour MACD previously showed sustained bullish momentum, but after the surge, the red bars significantly shortened, indicating short-term weakening of bullish momentum, which is a normal correction after a big rally. The long-term bullish trend remains intact.
Support levels: 65,300, 65,800 (strong support)
Resistance levels: 67,255, 66,600-66,900
Trading suggestions:
1. During the pullback to 65,800-65,300, buy in parts with a stop below 64,900, target 66,800 → 67,255;
2. During the rebound at 66,600-66,900, try short positions with a small position size, stop at 67,350, target 66,000-65,800, for short-term trading only.
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