Over the past seven months, Bitcoin has been repeatedly suppressed by the resistance of the $65,000-66,000 range, and each time it failed to achieve an effective breakthrough. Although this rise has rekindled the market's hope for a bull market, it remains to be seen whether it can stand firm. $BTC #BTC走势预测

This rebound was mainly driven by the futures market. As Bitcoin rose to $66,300, shorts were forced to close their positions and buy, further pushing up prices. At the same time, the increase in funding rates and open interest also shows that the futures market played an important role in this rebound.

The current market rhythm tends to suppress bulls, but it will not easily give shorts an opportunity to enter the market. Prices may fluctuate repeatedly to wear out traders' patience. A sharp rise accompanied by a sharp fall is still possible, so be mentally prepared. Next, you may only wait for an important news or risk event to trigger a sharp fluctuation in the market.