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Greetings!
Yes,you can create the report first as suggested here to display the records by using the criteria and use the report on the Dashboard.
Reference:https://help.salesforce.com/articleView?id=sf.faq_reports_common_limits.htm&type=5
Kindly mark it as best answer if it helps so that it can help others in the future.
Warm Regards,
Shirisha Pathuri