Will Bitcoin (BTC) change tonight? When will the rebound come?
Yesterday's market fell sharply, and the price of Bitcoin once fell below the key support level of $66,940, triggering a large amount of panic selling, which put the market into the medium-term short-term trap area. Subsequently, the price touched the short-term oversold rebound area, and the 4-hour support center was located near $66,066. The market trend is basically consistent with our previous expectations, with a minimum drop to around $66,000 and a rebound of about $1,500.
At present, the market has seen a major decline, and the low point of the subsequent price correction has stabilized at the medium- and long-term average transaction cost of $66,940 and the 4-hour support center of $66,066. It can be seen that the staged market bottom has been initially formed, and the market is expected to go out of the rebound route next, and short-term opportunities and some altcoins may also begin to show growth opportunities. For investors who play contracts, it is necessary to be cautious and aggressive in short-term operations, especially in this market environment.
