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4.3 Friday Early Morning Bitcoin and Ethereum Latest Ideas and Analysis
Dapeng rises with the wind in a single day, soaring straight up to ninety thousand miles. Don't choose to lie flat at the age when you should be fighting, don't hesitate in the face of trends. Just do it, and it's done! Looking back at Thursday, Bitcoin dropped from the early high of 68,653 all the way down to the evening low of 65,712, then rebounded strongly to the current level of 66,846. Ethereum followed Bitcoin's trend, dropping from the early high of 2,159 to a low of 2,017, then rebounding strongly to the current level of 2,058.
From the current market chart, the four-hour chart of Bitcoin shows that the recent price center of gravity has clearly shifted downward, forming a clear downward channel. Each rebound's high point is decreasing, while the lows are being continuously refreshed, presenting a typical bearish arrangement. The MACD indicator has been staying below the zero line, and the bulls have yet to organize an effective counterattack. If subsequent rebounds still cannot recover the key resistance level, further decline will likely happen, so Lao Lei continues with a high short-term outlook in the early morning.
Early Morning Trading Ideas
Bitcoin around 67,000 can be shorted, target 65,000
Ethereum around 2,070 can be shorted, target 1,980