BTC 61090

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After a deep correction in the early morning, Bitcoin fell below the previous support line of 60000, and the lowest point reached 58335.6 before rebounding. At present, the 4-hour chart shows that the 61000 line has been maintained (as shown in Figure 1).

From the 30-minute chart, we can see that BTC is oscillating and washing in the range of 60800-61500. If this round of rebound stabilizes and continues to rebound, the upper target is around 62800. If it fails to stabilize and continues to fall back, the support below 60800 will be seen. (As shown in Figure 2)

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