BTC Weekly Thoughts

BTC is still in the falling stage of the daily M-top. Only when the price completely stands on the M-top neckline of 67,000 will the weak structure change. Theoretically, the limit position of this wave of decline is around 62,500, which is also the 61.8 overlap of the daily 56,552 rebound to the high point, but the strong buying may not reach it.

Script: A pin test below 63,700-64,000 and then a quick recovery will be a good opportunity to go long, sweeping out the long positions in advance to obtain liquidity, and the daily position also has the conditions for a rebound.