Despite the positive news of Hong Kong ETF, Bitcoin price is also continuing to fall due to the sell-off of risky assets in the United States. Although Bitcoin is falling at present, it is said that the demand of Bitcoin big players is greater than ever before, and big players think this is an opportunity to buy.

Therefore, Xiaotong will continue to explore to 61000, and will make corresponding adjustments after checking the box range on the daily candlestick chart.

The first resistance of the 4-hour level is 63450, and the second resistance is 64430. When the price breaks through the first resistance, a short-term rebound can be seen, and the second resistance and possible sideways situation should be paid attention to. In the short term, the downward space is open, and the support level in the past needs to be turned into resistance, so it needs major positive news or the addition of trading volume to break through.

The first support level of the day is 62700, and the second support level is 61800. If the first support line is broken, the downward space can see 61000. In the short term, it is necessary to maintain the first support level, and the second support level is the previous historical low, and a rebound can be expected here.

In today's trading, we will maintain the attitude of exploring the bottom below. So I expect further declines and will trade at a favorable average price when the decline stops.