5-7 Bitcoin analysis:
Yesterday, the market rose to 655 to obtain liquidity and then fell. Yesterday, there was a reminder that you need to pay attention to the CME gap below. There is a high probability that you will go below to fill the gap. In the middle of the night, you also successfully filled the CME gap and then rebounded.
So the current rebound is not strong. Although the overall trend is to continue to step back on the downward trend line, then we must pay attention to the 620 position mentioned last night. This is another potential rebound point for bulls, but this position can only be to the right. When placing orders on the left side, the left side will be more dangerous, and today's daily closing formed an engulfing pattern. This pattern is still biased towards the decline for the market. #BTC