$BTC 6.25 Bitcoin Market Analysis
Bitcoin has now fallen below $60,000, which means that the previously expected white route has failed. In the previous two adjustment plans, the white route is expected to start rising around 63,000-64,000, while the limit position of the yellow route is around 55,000. Currently, Bitcoin has chosen the yellow route.
Now, the overall market differentiation of Bitcoin is more serious. Bitcoin fell by five or six points yesterday, while Ethereum only fell by more than two points, which shows the inconsistency of the market. At the same time, other currencies did not follow the decline during the decline of Bitcoin, but instead showed an oversold rebound state, which may indicate that Bitcoin has little room for decline.
Today, it is recommended to wait and see whether Bitcoin can reach the limit position of around 55,000. If it reaches this position, continue to go long as planned. In terms of time, wait one more day and conduct further market analysis and operations tomorrow.
#开单建议 Enter long orders near 55,000.
