After the market broke through the 70,000 line yesterday evening, it quickly fell back to around 66,000. After a shock at midnight, it inserted the pin downward in the morning and touched the lowest line of 65,820.
The gap between the two is still large. It has gone out of the 4,000-point space. Repairing the shock is a normal part of the market operation.
From the perspective of the overall structure, after the current market surged to 70,000, it did not stabilize and continue. Then it hit the upper track and came under pressure and then fell back. Under the current market washout, the market is often accompanied by the resumption of momentum by the bulls.
From a four-hour perspective, it has been negative for four consecutive times and the upper rail has closed, moving near the lower rail. The market is currently moving around the bullish arrangements after bottoming out.
It is recommended to be near 66,000, the target is 67,500, and the loss is 600 points.
BTC
