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Bitcoin/Ethereum Midnight Outlook for July 6
The 4-hour chart surged to 63990.7 before quickly plunging, breaking directly below the middle band. The price dropped heavily with high volume, forming a deep correction. Current price: 61985.5.
At the 1-hour level, bearish momentum was released intensively, causing a large number of long positions to be liquidated. Short-term selling pressure is heavy; wait for stabilization signals.
Key Levels
Resistance: 62425
Support: 61791
Trading Strategy
BTC: Wait for stabilization signals in the 61000-62000 range before going long. First target: 62800. After holding above resistance, look toward 64800.
ETH: Wait for stabilization in the 1700-1750 range before going long. First target: 1780. If effectively breaks through, look toward 1880.
(Personal opinions are for reference only; all trades should be based on actual market conditions.)
#BTC