After breaking through $63,000, Bitcoin broke through $64,000 for two consecutive days. On the 5th, Bitcoin fell below $63,000 to $62,822, and then rose to above $64,000 again, breaking through the previous day's high of $64,540, rising to $64,646 before falling back slightly to $64,012. Bitcoin has already stood above $63,000 and broken through $64,000. Can we say that the Bitcoin market has reversed? Let's take a look at the latest trend of Bitcoin today. As of 12:05 Beijing time on May 6, 2024, the latest price of Bitcoin is: 63,800 US dollars/coin, a decrease of 0.33%, 24-hour increase and decrease: +522 US dollars, an increase of 0.83%, 24-hour Bitcoin transaction volume: 17,700 Bitcoins, 24-hour transaction amount: 1.13 billion USDT (data statistics from binance, because Bitcoin data changes in real time, please refer to the latest data). Bitcoin has broken through 64,000 US dollars. How will Bitcoin go next? Does this wave of Bitcoin's rise have announced that Bitcoin has ended its adjustment and started the rising mode? My views today are the same as the article on May 4th, "Bitcoin soared 7.7%. Has Bitcoin really stopped falling and reversed? 》, the two conditions for determining the real reversal of Bitcoin are: the first point is to stand above 60,000 US dollars, which is a signal to stop falling, and the second point is to break through 66,000 US dollars, which is an important signal of reversal. The current situation is that Bitcoin has stood above 60,000 US dollars and remained above 63,000 US dollars. The only missing condition is that it has not broken through 66,000 US dollars. This is the position we need to focus on. At present, Bitcoin remains above 63,000 US dollars. The market can be considered to be improving and optimistic sentiment has increased, but it cannot be completely determined that the adjustment of Bitcoin has ended and it has begun to reverse. This idea is still too early. After truly breaking through 66,000 US dollars, we will change our adjustment ideas and believe that Bitcoin has truly begun to reverse. So now, everyone needs to patiently pay attention to how Bitcoin will go next? Whether it is down or up, it may not take too long, and there should be a result this week.

Of course, the current position of Bitcoin is the most dangerous for the futures market. If you choose to go long on Bitcoin, the price may end its rise at this position and continue to fall. If you go short on Bitcoin and it breaks through $66,000, you will also face the risk of a margin call. This is a clever support point for the market. Most of the time, our buying position is not very long, and the excellent buying point position is very short. Once you miss it, the risk you face will increase. Now that Bitcoin has reached this position, it is very entangled. It can go up or down. Once you choose the wrong direction, you will face the brink of collapse. This is the best way for Bitcoin to harvest futures investors.The market will always make you puzzled. If your desire to buy is driven by the market, the time and price of your purchase are definitely not the best choice. Similarly, your decision to sell due to market panic is also a bad choice. Why does this happen? In essence, you are being led by the market. Your buying and selling behavior is driven by market fluctuations, not your own rational judgment based on market fluctuations. This is the difference between very few investors who can make money and many investors who lose money.