$BTC

On the 4-hour line, the decline of Bitcoin is basically close to the support near 60,000. The previous decline also rebounded after multiple attempts at this position without breaking. The support at this position can be used as an effective support in the short term. The market also returned to the Fibonacci retracement line of the previous group of short-term rising lines above 0.786. In the short term, there is a great chance that there will be a rebound first. The rebound range is expected to be 62,900-63,500. After reaching this range, If the market continues to fall, there is a high chance that the decline in the future market will break through the 60,000 support level. In the short term, we need to focus on the 60,000 support level. If it breaks, it will be in the 57,900-55,500 range. In short-term trading, we can set a stop loss and a light position to go long around the short-term low point of 60,301. The target is above 62,900. After reaching it, pay attention to the closing situation above and then look for opportunities to go short. In the short term, pay attention to the break below 60,000 and enter the market by yourself;

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