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$BTC Bitcoin's price this week has been steadily declining from 72,000.
It has now bottomed out at the daily support level of 65,000. Try to avoid chasing the market or panic selling.
The previous low support is currently at 65,681 and 65,500.
In the short term, there has been a 4-hour level of consolidation and rebound.
If this candlestick continues to close above 66,000, it is unlikely to move downward to test the bottom in the near future.
Most likely, over the weekend, the market will consolidate and oscillate upward to recover from the oversold area. After a sharp decline, consolidation is a common tactic used by the big players.
The market is currently uncertain. Light positions for bottom-fishing!
Duo orders can be placed within the 65,000-66,000 range to catch a rebound!
The target can be set at the previous high resistance levels of 68,500-69,600 for take profit!