In the Bitcoin (BTC) market, the price failed to break through the pressure position of 63,800 above, and the market trend predicted yesterday that it would rise first and then fall was verified.

Today, the market tested again and failed to support 62,400, and the current price fell back to the range of 62,500-59,800.

From the current market structure, it is expected that a rebound will be possible after a low point is formed.

Therefore, investors can pay attention to the rebound signal near 61,000. If the price is supported at this level, they can consider buying on the right side.

From the daily chart, the current trend is just a rebound in the downward trend.

To reverse this trend, it is necessary to break through the price barrier of 65,500 with large volume.

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