#BTC Daily Analysis

Overnight, the long and short positions of the big cake formed a tug-of-war pattern. The short position reversed the market with a slight advantage and stopped the decline near 63,800, and then quickly pulled back to above the support level of 44,000 mentioned yesterday. The partners who went long at this position also made a maximum profit of 1,000 points.

From the 4-hour chart, the price of the currency stopped falling near the middle track, the Bollinger Bands showed a contraction state, and the rebound strength was limited. There was an obvious turning signal in the short term. In the short term, there was a continuous negative stepping back. The trend will have a certain continuity, and a double bottom structure was formed near 63,900, and the upper pressure was near 65,200.

Then the operation suggestion is to observe the support situation of 63,500-63,900 below. If it does not break here, you can consider taking more. The upper pressure is 65,200-65,700, and both long and short positions have opportunities.