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The current market trend is more inclined toward a "rebound" after an oversold condition rather than a trend reversal.
Market status: Influenced by US tariff policies and geopolitical uncertainties, BTC temporarily dropped below the key support level of $65,000 today, with a low of approximately $64,270. Subsequently, due to short-term selling pressure being exhausted, the price rebounded to around $66,300.
Rebound characteristics: Technical indicators such as RSI show a recovery after overselling, and the current price remains below the 50-day, 100-day, and 200-day moving averages (EMA), indicating that the medium-term bearish trend has not changed.
Key observation: The market lacks new capital inflows, and the derivatives market is mainly covering short positions. If it cannot hold above $64,000 and see increased volume to break through the resistance zone of $68,000-$73,300, there is still a risk of further decline to $60,000 or even lower. $BTC $SOL $ETH
BTC-4.24%
SOL-5.58%
ETH-4.79%
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Ryakpandavip
· 7h ago
Hop on board!🚗
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Ryakpandavip
· 7h ago
Volatility is an opportunity 📊
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