The highest price of Bitcoin reached 63,400 last night, and it is now around 62,500. It is currently above the 61,800-61,200 range, which has now become a small support.

The current trend of Bitcoin is at the intersection of long and short positions at the 4-hour level, and other time frames are bullish trends. From the weekend to Monday, whether the short positions at the 4-hour level will fight back depends on whether the main force will take action against the new funds that have come in in the past two days when the market liquidity is low. It would be better if there is a second retracement. Those who missed yesterday's low can only wait for the opportunity of a pullback at the neckline.

The upper pressure level of Bitcoin is 63,500-64,200-65,000, and the lower support is 61,800-61,200-60,600. It is not recommended to chase high positions, and don't take action if there is no retracement. Keep an eye on the support level to see if the first support level will be confirmed over the weekend.