$BTC 5.13 Bitcoin market analysis: Bitcoin has been consolidating for 60 days. The overall structure of Bitcoin is bullish. It has not reached the top yet, but is in the adjustment stage of rising relay.
From the perspective of waves, the price structure of Bitcoin shows a downward wedge trend, which is bullish in the future. At present, the key trend line resistance is around $64,000. Once it breaks through, the consolidation is likely to end and a new round of rise is expected to begin.
Bitcoin is in the fifth wave of decline, with support in the range of 59,500 to 57,000.
Order opening suggestion:
Left side order: It is recommended to arrange long orders in batches from the range of $60,000 to $57,500.
Right side breakthrough order: Break through 63,700 to open a long order.
