4-16 #BTC

Today, the price of Bitcoin is still highly volatile. It dropped to 62270 in the early morning and rebounded to 63900 in the day. The overall rebound was low and the short-term trend of the market was relatively weak. It then dropped to 61600 twice in the day and recovered quickly, indicating that there was demand near 61500 below, but the overall rebound was weak. There was no certain opportunity to enter the market on the left. It is currently running above 62000. It is necessary to pay attention to whether 62000 can hold up. If it falls below again, it is likely to reach a new low.

At present, the overall market has gradually turned from greed to panic. The source of panic comes from the geopolitical risks of Iran and Israel on the one hand. Iran and Israel do not want the situation to escalate. On the other hand, it comes from the pessimistic attitude of the Federal Reserve towards interest rate cuts. The overall impact on short-term sentiment is relatively large. In the medium term, this year will definitely enter a cycle of interest rate cuts, and interest rate cuts will come soon. The medium- and long-term direction will not change, but the uncertainty of the short-term market has led to few opportunities in the short term. It is the safest to deploy core coins in batches at low prices.

Currently 4 The hourly level has closed twice. If the US market does not cause trouble, then the short-term is expected to stabilize at 62,000, stop falling and then form a shock. Wait for the short-term news to be thoroughly digested. With the arrival of halving, the market is expected to improve. If it breaks below 61,600 again, the market will further test the support of 60,000. It is very difficult to buy the bottom in the counter-trend market, and the risk is very high. After stabilizing a certain support, the risk of entering the market on the right side is more controllable.

In terms of points, the upper short-term resistance is 64,000 and 67,300

The lower short-term support is 62,000 and 60,000

In terms of operation, operate around 62,000. If the US market does not fall below 62,000 and can form a shock above, you can try to enter the market. If it further drops below, pay attention to 61,500 and 60,500. If a rebound can be formed, you can try to buy the bottom with a light position