BTC
60,000 is a very strong support for Bitcoin. I have previously posted a message saying that if the support of 60,000 is broken, the downward channel will be opened.
The 60,000 point is very critical. If it is held, there is still the possibility of continuing to hit 65,000. Bitcoin's fluctuation of nearly 2,000 points from 62,000 to 60,000 is common in the bull market. Any news fluctuation and leverage clearance will have such a large fluctuation.
Everyone knows that the Fed is expected to cut interest rates next month, and the market will gradually clear long leverage to bring about an increase in the price of the currency. From the daily chart, 60,000 is also a strong support in the previous few times. So this time, if we want to break through the upward trend, it is also common for the front support to become a suppression level. (See Figure 2 for details)
Stay optimistic that 60,000 is the bottom, and I still believe that Bitcoin will break 65,000 after this correction!
