$BTC
🔥🔥The latest analysis of the Bitcoin market
Yesterday's review
Bitcoin showed strong bullish power yesterday, with great momentum and unstoppable momentum. However, when it hit the key level of 60,000, it encountered resistance again, resulting in a wave of retracement in the early morning. Fortunately, we decisively arranged long orders near 57,800 and successfully took profits near 59,500.
Today's Outlook
With the market's decline, new long-order opportunities have emerged. At present, we firmly believe that Bitcoin's bullish momentum is still strong, and any decline is an excellent opportunity to enter the market and do more. From a technical point of view, the 1-hour moving average has formed an obvious bottoming end signal, indicating that the bulls are accumulating strength and preparing to launch another attack.
Specifically at the operational level, Bitcoin directly obtained strong support near 57,100 during the previous downward exploration, and then launched a bottoming recovery. This trend further proves the strength of the bulls and the bullish sentiment of the market.
Morning operation suggestions
Entry point: 57000 directly long
Target point: bullish to 60000
Stop loss setting: defense at 56500
