Yesterday we reminded of the resistance level of 62000-62500. The market fell to 61100 at its lowest. Friends who still hold positions should pay attention to risk control on the news day. There may be up and down spikes at any time.

In the absence of negative news, it is difficult to fall sharply in a short period of time. Small adjustments are all repairs. The current prices are far away from the channel state. In addition, the weekend starts tomorrow, and the probability of reversal in a short period of time will not be too high.

Overall, BTC is still oscillating around the 60000-62500 range mentioned many times. The liquidity above is around 63000. Even if it does not reverse, it is likely to clear a wave of shorts and hunt for liquidity. If it can break through with large volume, then the market may reverse and go for a new trend. Then we will make adjustments.

In terms of operation, it stands at 62000 in 4 hours and chases more with the target near 63000. The intraday support can refer to around 61200. Here, you can directly operate at low prices and the target can be set at yesterday's high of 62500.