This week, Bitcoin will maintain a volatile trend:
Let me first talk about the reasons for the pullback
1. The tens of thousands of BTC released by Mentougou continue to bring selling pressure, so it fell down after rising to $65,000;
2. After rising for several days, profit-taking has fled;
3. The expectation of interest rate cuts has been partially released;
4. Big funds are worried about the release of data on Friday and inflation rebound.
5. The news that has been waiting for has also come out and the good news has been realized
I think it is impossible to continue to rise under these reasons. In a simple sentence, the dealer will not let retail investors make money.
I personally think that this week it will basically fluctuate between 62,500 and 65,000, and it will not rise or fall sharply. It will be enough to close the weekly and monthly lines perfectly
