$BTC Last night, the price of Bitcoin was not as strong as expected. The price only began to fluctuate downward near 63800. I wanted to catch a wave of retracement and go long in the early morning, but it did not give us a suitable entry opportunity. The current price is around 63100.

From the current market, the trend is still in a wide range of fluctuations, and the upper and lower points have been in the space of about 1500 points. There are many difficulties in going up, and there is also strong resistance on the downside. This week has been in a stage of consolidation without any upward pull or downward break! From the four-hour market, it is confirmed that this round of rise has reached the bottleneck position. The probability of a one-time strong breakthrough is not high. According to the theory, if the high is not continued and the market continues to fluctuate, then the market will fall. As long as there is good news in this round, the market will plummet!

Bitcoin idea: short near 63800-63500, target 62000

Ether idea: short near 2600-2580, target 2500