$BTC 7.4 Bitcoin Market Analysis
The overall Bitcoin market fell yesterday, with a drop of about 3% to 4%. The current Bitcoin price is about $60,000.
The market may enter a new round of decline. The expected rising wedge structure has not formed at a small level, and the price is expected to continue to fall. It is recommended not to participate in contract trading for the time being and continue to wait and see. Around 55,000 may be a safer long target, waiting for clearer trading signals before participating.
Wait until it falls to around 55,000 before arranging long orders.
