BTC follow-up market outlook
1. When rsi reaches the extreme value zone, it is expected to start a period of oscillation. If it is a narrow range oscillation or an upward relay pattern, it is judged to be a better entry point.
2. At present, the weekly slope has reached the 12 o'clock direction, and the upward momentum can be fully released. We need to be wary that once there is an inflection point to reduce positions or it is difficult to continue to increase positions, the sharp upward trend will not be sustainable.
3. Stablecoin supply and exchange data show that yesterday’s explosion has triggered strong FOMO and fear of heights in the market. The market entered a correction after breaking through 64k, which is a normal profit-taking.
4. Short-term pressure level 64413, 65065, medium-term support level 58532
