Master looks at the trend:
BTC 1 hour:
The Bitcoin chart moved sideways during the weekend and broke below the downtrend line. If it continues to move sideways and breaks below the downtrend line again.
Then it will be difficult to judge the trend reversal, and you need to pay attention to possible declines that threaten the lows.
At present, 60.6K can be set as an important short-term support and positions can be managed based on this line.
Resistance level reference:
First resistance level: 61300
Second resistance level: 62000
If the first resistance level is broken tonight, then I believe the trend will reverse and the rebound view can be maintained.
Due to the current lack of trading volume, it is recommended to observe the changes in trading volume on Sunday night and operate according to volatility.
The master regards 61K as psychological resistance and breaks through 61K as the first target of the rise.
Support level reference:
First support level: 60600
Second support level: 59300
The short-term rebound view can be maintained if the first support level is held, and the first support is a range with a good risk-reward ratio.
If it temporarily breaks below the first support level, it can be countered at the rising trend line below.
Today's trading suggestions:
In today's trading, as long as 60.6K is held, we can maintain a bullish view and manage our positions.
In the chart analysis of the articles in the past few days, Master has mentioned the range of 60.6K and 61.3K many times. Since Bitcoin has been trading sideways in this range and showing a box trend of ups and downs, once it breaks through a certain direction, the trend can be clearly seen.
Please refer to these suggestions when trading
6.30 Master's short-term pre-buried order:
Long entry reference: 58900-59300 range, long in batches, defense 500 points, target 60600-61300
Reference for short entry: short in batches between 62000-62400, defense 500 points, target 61300-60600#以太坊ETF批准预期 #币安合约锦标赛 #BTC走势预测 #比特币走势分析