#BTC In the new week, the rebound last week listed two key pressure levels of $62,000 and $65,000. I originally expected that the best trend in the future would be that it could not stabilize at $62,000 and then fall back again. As a result, the rebound still came to the pressure level of $65,000. I underestimated the strength of this rebound and made a mistake in the prediction.

Back to the current market, BTC rebounds and faces pressure of $65,000, but there is no sign of falling back on the daily line. Whether the market will fall back from $65,000 or break through and rebound to $70,000, to be honest, Lao Bai cannot judge at present. We need to wait a few days to see the pressure situation near $65,000 before we can make a high-probability prediction.

In fact, Lao Bai is still a die-hard bear in his heart. He still hopes that BTC can start to fall from $65,000 and then plummet. My short position of $62,000 has not been closed yet. I am going to take the last week, because this week is the last opportunity for bears to exert their strength. If it still does not fall below the $62,000 support this week, then I will close my short position next week and switch to long.

Now we all know that the global economy is in a recession cycle, but governments of various countries will unite to cover up the truth of the economic recession and continue to maintain false prosperity in order to achieve political achievements and social stability, and institutions will unite to make the last money of leeks. But as I said, artificial economic policies will not change the laws of economic cycles. The story of the wolf coming will be staged sooner or later, and it will come soon.