BTC has a downward channel at the 1h level, and has not yet broken through. The short-term callback target will be near the green demand area below 62600;

If the demand area support is effective, the price will eventually break through the downward channel upward and test the supply area above 65000;

If the demand area support is invalid, the price will fall below the left low to form a Lower Low, and a small-level trend reversal will occur. There is a high probability that a larger downward channel will be formed, and the callback target will continue the 2-3 level demand area below, which is 58500 and 56800 respectively;

Trading ideas:

Bull short-term ideas, due to the rapid rebound speed of this wave, there has been no effective shock consolidation in the middle, which has led to sparse accumulation of chips in the area below 62300. If the price unfortunately falls below 62300, you need to be careful of potential door-drawing market;

Before that, backing 62300 to do more, breaking the stop loss will be a short-term profit and loss idea. If you are very optimistic about the subsequent bull market, you can also go above After the downward trend line breaks through and falls back, enter a more aggressive long order, betting that 65,000 will break through directly and continue the previous bullish trend;

And shorts may not have a good trading entry opportunity in the short term. If the price is effectively supported in the first-level demand area, there will be a rebound that breaks through the downward channel. After the small-level downward channel breaks through, you can try to short against the 65,000 supply area;

Another short-selling idea is that if the price falls below 62,300 and enters a shrinking consolidation state on the weekend, then observe whether the price can stand back to the original first-level demand area before Monday. If it fails, you can chase the short at 62,300 and break through the downward channel to stop loss.

Note:

All short-term trading ideas are for reference only, not investment and trading suggestions. Please make decisions based on your own judgment. The expected path is likely to be inconsistent with the actual situation, so there is no need to bring in subjective assumptions;