Yesterday, Bitcoin fell from a high of 64,000 to 61,000, a drop of 3,000 points. The price of Bitcoin approached the important psychological barrier of 60,000, but the subsequent rebound adjustment seemed to bring a breather for the market. However, from the overall situation, the market is still in a slump and needs to adapt to the trend and respond flexibly.
In the short-term hourly chart trend, Bitcoin has continuously shown negative lines, showing that its upward momentum is obviously insufficient, and the decline has become the mainstream trend of the market. The Bollinger Bands show an opening expansion trend, and the price has been declining along the lower track. The bearish atmosphere is strong, indicating that the decline may continue. In the short term, the intention to fall is already quite clear, and every rebound may be an opportunity for the bears to exert their strength again.
Operation suggestions:
Short at 62200-62500 when the price rebounds, target around 60000;
