$BTC 7.1 Bitcoin Market Analysis
Bitcoin has been consolidating in the current range for about 110 days. The overall trend is still bullish, but the consolidation structure is not yet fully clear.
The consolidation structure is ABC or WXY. If it is an ABC structure, it may end at around 58,400; if it is a WXY structure, it may need to go down to around 55,000.
It is recommended to focus on spot and low leverage, and wait for a clearer breakthrough signal before doing contracts.
Buy some spot around 63,000.
Wait until it falls to around 55,000 before arranging long orders. After breaking through 64,000 to confirm the bottom, you can pull back to go long.
