Intraday market analysis:

Currently, the weekend is in a high-level oscillation range

Currently, 58888-59288 is the key support area in the short cycle. If the price pulls back to this range and gets support, there may be a short-term rebound. Aggressive people can try with a light position, and continue to be bullish without falling below the sub-area, but they have to prevent the transformation of extreme emotions here, and adapt to circumstances, just for reference.

Currently, Bitcoin hourly support is 56666-57066

This range is the support area of ​​a larger cycle. If the price continues to fall after breaking through the 15-minute support, it may get support in this area and form a larger level of rebound. It is also the point of extreme downward wash

Intraday pressure 63888-64288

This is an important pressure range in intraday trading. If the price rebounds to this area but fails to break through, it may trigger a short-term pullback or shock.

If the price rebounds upward and approaches or enters the pressure zone of 63888-64288, but fails to break through effectively, you can consider trying to short with a light position in this range. The target can be set in the range of 60000-61000, and the defense should not exceed 2% above the average price to prevent unexpected breakthroughs.

If the price quickly breaks through the support or pressure level in a short period of time, it is recommended to wait and see cautiously, because such market conditions may cause large fluctuations.

Analyze the price trend together with the trading volume. If there is a large-volume rebound near the support level, or a large-volume decline at the pressure level, it may be an effective signal.

The strategy needs to be combined with your risk control and position management to implement it. $BTC