$BTC

The pressure above BTC that we mentioned earlier is still the resistance range of $58,200-58,500 discussed yesterday. If this range is broken, there may be room for an increase of $1,000.

I thought the price might not reach this level until around 8 pm, but I didn't expect it to break through at noon. I don't know if everyone has seized this opportunity.

At present, judging from the four-hour and one-hour charts, there may be some signs of a pullback. The SKDJ indicator has exceeded 80 and shows some reversal signals. The current resistance level of $58,500 may be converted into a support level, but it has not yet been determined whether it is effective. We need to look at the four-hour chart to confirm the formation of support.

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As far as the pullback is concerned, the reason why I personally do not recommend shorting is that the SKDJ indicator at the daily level still shows upward momentum. Of course, if there is a firm intention to short, it is recommended to set a stop loss at $59,450.

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