Bitcoin is unlikely to see a strong upward trend without breaking through the key pressure level of 58,500.

If it successfully breaks through and holds this position, it may continue to move upward.

Although multiple tests may gradually weaken this pressure range, there is no strong volume support yet. #BTC突破7万大关

Technically, the hourly and 4-hour charts show a need for a pullback. #btc70k

Therefore, today's observation tends to be bearish. It is recommended to short at the 58,000 line, with a stop loss set at 400-600 points, and look down at the 55,000-54,000 line.

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