In the early morning, the overall market did not experience further corrections. After the US stock market closed, Bitcoin briefly dipped below the 65,000 level but quickly recovered. Currently, the price has rebounded to around 66,000 but faces resistance. Ethereum followed the same pattern as Bitcoin, initially falling to around 1885 before stabilizing. It is now fluctuating around 1920. As the weekend approaches, market activity slows down, and the sideways trend is expected to continue.
From the current chart, the four-hour timeframe shows a long lower shadow with a bullish candle. The overall price has recovered to the midline but faces resistance again. The key point is the 65,300 level, which shows signs of a false breakout. Multiple attempts to break below have failed, and the market quickly recovers each time. This indicates that the support structure around 65,000 is relatively strong. Currently, the price is at a relatively low level, so the strategy for the weekend could be to consider buying on dips.
Bitcoin can be bought around 65,300-65,600, aiming for about 66,500. Ethereum can be bought around 1900-1920, aiming for about 1970. #BTC #ETH
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In the early morning, the overall market did not experience further corrections. After the US stock market closed, Bitcoin briefly dipped below the 65,000 level but quickly recovered. Currently, the price has rebounded to around 66,000 but faces resistance. Ethereum followed the same pattern as Bitcoin, initially falling to around 1885 before stabilizing. It is now fluctuating around 1920. As the weekend approaches, market activity slows down, and the sideways trend is expected to continue.
From the current chart, the four-hour timeframe shows a long lower shadow with a bullish candle. The overall price has recovered to the midline but faces resistance again. The key point is the 65,300 level, which shows signs of a false breakout. Multiple attempts to break below have failed, and the market quickly recovers each time. This indicates that the support structure around 65,000 is relatively strong. Currently, the price is at a relatively low level, so the strategy for the weekend could be to consider buying on dips.
Bitcoin can be bought around 65,300-65,600, aiming for about 66,500. Ethereum can be bought around 1900-1920, aiming for about 1970. #BTC #ETH