$BTC 7.2 Bitcoin Market Analysis
The current price of Bitcoin is around 63,000, with a slight fluctuation overall. In the big cycle, the previous rise took about 150 days to consolidate, and now it has been consolidating for about 110 days since the 73,881 position, and there is still a gap in the consolidation time.
At a small level, Bitcoin broke through the first trend line, but this does not mean that the consolidation has ended, and it is not certain that it will bottom out at 58,218. At present, there are three waves of rise at 58,218, but there may be multiple ways of fluctuation in the future:
If an upward guiding flag structure is formed and it falls back to about 60,000, you can consider opening a long contract.
If it is only a three-wave rebound, it may hit a new low around 55,000, and it is only then suitable to formally open a long contract.
It is recommended to mainly operate spot and low-multiple contract long orders at present to avoid opening contracts too early.
Buy some spot near 63,000.
Wait until it drops to around 55,000 before placing long orders. After breaking through 64,000 to confirm the bottom, you can go long on the pullback.
