After the market rebounds, what is the future trend?

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3 months ago

BTC has changed to the weekly chart, which is bullish. The candlestick chart shows relative strength, but the volume is not significant. However, the 12-hour chart has been in the critical zone for a few days and has reached the level we mentioned, 68300. The daily chart is also in a critical zone, but the 3-day chart is still bullish. We will switch to the 3-day chart tomorrow morning. If there is not much selling pressure by tomorrow night, it will continue to be bullish, leading to short-term volatility. Currently, it is in the critical zone for the 12-hour chart, so the 12-hour chart will retrace. If it retraces now, it means there will be a rebound later, indicating a rebound over the weekend. The trend of ETH is similar to BTC. In the short term, BTC support is at 66500-65600 and 63500-60800, with resistance at 68500-70400. ETH support is at 3450-3400-3150, with resistance at 3580-3760.

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