In the short term, the big cake is in the obvious support zone between 58,000 and 62,000. The price has been supported and rebounded many times in this area. As long as the price can stay above this range, the bull market trend in the past month is expected to continue.

We can see two obvious double bottom patterns, which shows that the buying power is increasing near this support area. The current price is significantly higher than the support area.

If the trading volume gradually increases when the price rises, it means that the buying power is very strong, which will help the price to rise further. But if the trading volume decreases when the price rises, be careful of the risk of weakening the rising momentum.

The BTC meeting on Saturday is expected to be a big fluctuation.

In addition, it depends on the opening of ETH ETF trading, and the net inflow will be determined by this week's data, and then the market will be warm and cold.

So it may be better to avoid aggressive operations on Saturday. There is nothing to expect if the speech is in line with expectations. It is easy to rush high. If no good news is announced, it may feel a bit ahead of expectations.

In terms of the expectation of interest rate cuts, all subsequent sharp declines are opportunities to buy, and the spot will continue to hold for a cycle!