Recently, Bitcoin has closed positive for two consecutive weeks after experiencing a deep correction of 8.5. However, it has not yet broken through the key 0.618 rebound suppression level of 62,000, so it is not certain that it has returned to the upward trend. It is still in the stage of shock repair. The next strategy can be to wait for Bitcoin to not break a new low when it bottoms out for the second time, or wait for a more obvious upward trend signal to appear.

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From the weekly chart, Bitcoin was still dominated by shocks last week, but the bottom adjustment trend appeared to be relatively healthy. As long as the daily level does not fall below 54,000, Bitcoin's adjustment is still within the normal and healthy range. If it falls below 54,000, it may mean that it will take longer to adjust and digest.

Although the market performed steadily over the weekend, on the Binance platform, altcoins such as $DAR , $RARE , $TLM , $VOXEL, $SYS, $DODO, etc. all rose significantly. When participating in transactions, be sure to pay attention to risk management and learn to stop profits in time.

Give yourself more patience, the explosive rise of the market may not be far away.