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7.1 Midday Outlook
Bitcoin's bearish structure at the 1-hour and 4-hour levels forms a resonance. The price faced significant resistance after rebounding to 59326, with the Bollinger Band midline also acting as a key resistance level.
During this rebound, bullish momentum has been continuously exhausted, making it difficult for the trend to sustain an upside push. The overall market is still operating under the framework of a strong bearish trend, only showing a weak consolidation and recovery pattern.
Bitcoin rebounds, short at 59500 and 60500 resistance, target below 58000, 57000, break and target below 55000.
Ethereum rebounds, short at 1590 and 1630 resistance, target below 1550, 1500, break and target below 1450.
$BTC #Gate完成141只股票股息派发 $ETH