Yesterday, the price of Bitcoin encountered resistance after touching around 64,500, and then fluctuated and fell back. It fell to the lowest level of 59,680 and then rebounded quickly.
At present, the price of Bitcoin is running around 61,600.
From the four-hour chart, the high point gradually declined, showing a trend of fluctuating decline. Although the price fell below the previous low, the trading volume did not follow the decline, and the MACD showed a bottom divergence structure.
At present, the price rebounded to the MA7 moving average and encountered resistance, and the rebound strength was relatively slow.
According to the daily chart, the price has not fallen below the 60,000 mark in the short term, and the closing price needs to be closely watched. If the closing price is lower than 60,000, the next support level will be at 56,000. In this case, we suggest waiting and waiting for further market trends.
The upper pressure is mainly concentrated in the 62,000-62,500 area, and the lower support level is in the 60,000-59,000 range. For long-term holders, you can continue to hold.
Here, if you keep up, everything will be simple.
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