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Market Review: After the midday Bitcoin price dipped to around 67,600, it began to rebound and rise to around 68,200. Our strategy given in the morning was to buy near 67,600, which was perfectly executed. Friends who followed along are now enjoying gains.
From the four-hour timeframe, a key conclusion can be drawn: we are currently in a weak rebound phase after a decline, with signals indicating short-term buying opportunities. The structure shows stabilization and continuation of the rebound after a downtrend, with price starting from the low of 65,000 and forming a small-scale rebound pattern with higher lows and higher highs. It is no longer a previous one-sided downtrend. Currently, the price has broken above the middle band of the Bollinger Bands, indicating that bearish momentum is waning and bulls are beginning to regain short-term dominance. The rebound from near the lower Bollinger Band has broken above the middle band, and the lower band is starting to flatten and move upward, suggesting that the downward momentum is exhausted. In the short term, the market is entering a consolidation phase with a slight bullish bias. Our midday outlook is primarily bullish.
Bitcoin can be bought around 67,500, with a target near 69,500; Ethereum can be bought around 2,070, with a target near 2,200.