On the 4th and 3rd, BTC continued to fall in the early morning, and fell to the lowest level around 64550, and then began to rebound quickly, and then rebounded to around 66200. At 8 o'clock in the morning, it fell again to around 64500, and then quickly closed the needle, and then started to rebound, and rebounded to around 66600. The overall volatility is still huge, and it is also very difficult to buy the bottom. After the rebound, set up protection, insert another needle to hit the stop loss, and then start to rebound. It is still only the spot that can be fearless of volatility.

At present, there are multiple needles at the 4-hour level. If there is no bad news in a short time, it is difficult to have a large decline. From the daily level, the overall trend has not been destroyed. It has stepped back to EMA 40. We mainly focus on whether this position can form a convergence shock. From the perspective of this round of decline, it is not the strong supply above, but the insufficient demand below that cannot withstand this selling pressure. The volume of this wave is not large compared with the previous decline. If it can converge in the future, it is still a rebound.

From the graph, if it does not continue to fall below 64600, in terms of form, it is a trend of wide range of shocks and convergence. It has not fallen below the previous low of 61000. There is no need to panic overall. The current 4-hour level of the lower spike also shows that the demand below has appeared. This round of decline has cleared the high leverage in the market, and the difficulty of rising will be reduced. The risk of entering the market after the spike rebound is more controllable than bottom fishing. In the short term, you can operate around 66000

In terms of points, pay attention to the short-term support of 64600 and 63000 below, and continue to pay attention to the upper resistance of 68600

In terms of operation, the short-term has bottomed out at present. If it can fluctuate above 66000, you can enter the market with the trend. Pay attention to the area around 65000 for low-absorption below, and risk control below 64600. The market fluctuates greatly, so pay attention to risk control