As expected, Bitcoin basically meets our big cycle script, and is even weaker. First give a thumbs up and then look at the current market fundamentals: - Bitcoin tested the lower support trend line (lower red line) at the weekend. After effective support, it rebounded slightly, and even failed to break through the ice line of 64,500 before falling back - From the current pattern, it has fallen below the lower red line. If it is not recovered in time during the day, it is very likely to accelerate to around 61,500 at night - The oversold cottage rebound at the weekend lured more, and it is estimated that many retail investors entered the market again. Repeated shocks and harvests have further lost retail investors' confidence and handed over their chips to prepare for the next stage. Operation suggestions: - Bitcoin and Ethereum have free positions, you can consider splitting them up, Bitcoin 62000-60000-58000, Ethereum 3400-3200-3000 - Don't do spot trading for copycats. There is no bottom for falling prices. You can consider two parts for short contracts with narrow losses. The first is the linkage of the rebounding sectors to try for a small rebound opportunity. The second is the breakout of the high level after the rebound to try for a short position opportunity.
