At the daily level of Bitcoin, although it closed in the negative yesterday, the overall decline was not very strong. After the big negative on Monday, the small K rebounded weakly for three consecutive days, continuing the weak correction. This is a common technical pattern. Generally, after the big negative hit, it will continue on the second day, at least there will be a new low.

Yesterday's pullback was still within the lower track oscillation range. At the same time, we should also pay attention to the downward force. If it does not break the new low, it means that it is not very weak. In this situation, it is easy to fall into interval oscillation. Then where this round of weak correction can continue is the focus of subsequent thinking. Refer to the 60600~60800 area, which is also the stop line of yesterday's decline. It is also the first time to consider the reverse stabilization bullish point, because the decline is only a correction after all, and the main trend remains bullish.

At the 4h level of Bitcoin, as can be seen from the chart, the K-line shows a continuous decline, and the price has fallen under pressure from 62,500, with a weak trend. However, this trend does not have much continuity, but instead shows a weak decline. There is further upward momentum. It was also mentioned in the article yesterday that it is necessary to pay attention to the 60,600 level. There is a high probability that it is in a certain range of fluctuations, because one of them is likely to become a short-term turning point, proving that there is no problem with the idea of ​​short-cutting.

At the 1h level of Bitcoin, the current support is around 60,600 below and the resistance is 62,500 above. If the white market maintains an upward fluctuation pattern today, it is very likely to directly pull up and break through the resistance level of 62,500 in the evening, and the strong pressure is around 63,500. At the same time, it is reminded that if you want to keep more bottom positions in the band, just move the stop loss down.

It is recommended to move around 60,600. Look at the 62,000 line.

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