BTC fell back to around 62,800 yesterday and failed to effectively fall below 63,000. With the US stock market opening sharply lower, this fallback is still acceptable. It then rebounded to 65,300 during the day. It was suppressed by short-term resistance and fell back. It is currently running above 64,000. The overall short-term trend is volatile. There is no fundamental and news stimulus, and the overall market is relatively weak.

From the perspective of ETF, there is also a demand exhaustion. In addition to the continuous outflow of Grayscale, IBIT has no net inflow for two consecutive days, indicating a decline in overall purchasing power. However, the current position is not high overall. The middle-level support of 60,000 is below, so under normal circumstances, it will continue to fluctuate and wait for new opportunities in the market.

At present, the support of 63,000 has not been effectively broken, and there has been a small rebound. The rebound volume is insufficient, and there has been a decline near 65,000. The overall short-term oscillation range is 63000-65000. If you want to break this balance in the future, you need a large volume. The subsequent short-term market is still mainly linked to the US market. If the US stock market can rebound, the currency circle may also have a wave of repair market

In terms of points, the short-term support below is 63000 60000

The short-term resistance above is 65000 67000

In terms of operation, after the retracement, the short-term entry is more operable. Enter the market when it stabilizes at 64000 and leave the market when it effectively falls below 63000. The overall profit and loss ratio is relatively high