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6.17 Afternoon Bitcoin Chart 🍜 Market Outlook
Afternoon session is a good buying opportunity!
Morning prediction of a high point at 67255 with strong selling pressure, strictly avoid chasing longs at high levels, prioritize shorting on rebounds; the market's deep pullback to the lowest 65328 as expected, fully confirming the forecast.
After a large bullish candle on the 4-hour chart, it closed with consecutive bearish candles, indicating that the bullish momentum is continuously weakening, with the high points gradually shifting downward, now at 65635, entering a weak consolidation phase.
The trend is in a short-term correction of the bullish phase, with no quick rebound or one-sided rally in the near term; trading should wait for the high and low points within the range to enter, with infrequent opening of positions in the middle zone.
Resistance levels: 66000-66400, strong resistance at 66800-67255
Support levels: 65400-65600; strong support at around 65300
Trading suggestions:
1. Lightly short in the rebound zone of 66000-66300, with a stop loss above 67300, target 65600-65400; if support at 65300 breaks, look towards 65000, and gradually reduce positions in the short term.
2. After a rebound to 65300-65500 and stabilization, add low positions, with a stop loss below 65000, target 65900-66300; if 65300 is effectively broken, pause trading and wait for support at 6480 to stabilize before going long. $BTC $ETH