After continuous consolidation and correction during the white market, the bears once again aggressively increased volume in the afternoon, further extending the downward trend of the coin price. The price tested below the 66,000 level, and after probing the support below, it rebounded accordingly. The current rebound trend is still ongoing. Although the continuous decline has triggered a market panic sell-off, with market dips on Friday becoming almost routine, the key focus should be on the specific direction after the US stock market opens tonight. The hourly chart shows some technical recovery from the rebound. The coin price's consecutive drops have resulted in short-term overselling. The Bollinger Bands are gradually expanding downward. Combining the signs of a bottoming out on the chart, we will continue to watch for technical rebound recovery tonight and over the weekend.


Bitcoin is long around 65,500, with attention near 68,000. Ethereum is long around 1,940, with attention near 2,050.
BTC-1,79%
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