$BTC 3.28 Today's Bitcoin price trend: Yesterday's analysis predicted that Bitcoin would have another one-hour rise, but in fact the high point appeared too fast, causing the expected high consolidation to fail to continue.
At present, after Bitcoin has experienced a three-wave downward structure, the three-wave upward structure has also been completed and is about to enter the next downward stage.
There are two target levels for the decline, one is near 62,000 and the other is near 53,000. It depends on whether the support area near 62,000 can be supported. If it cannot be supported, it will continue to find support downwards.
At present, we need to pay close attention to the pressure level of 70300. As long as the price rebound does not exceed 70300, it is an opportunity to go short. If the price can return to around 70,000, you can consider adding a short position.
