In my video two days ago, I mentioned that Bitcoin may fluctuate between $58,000 and $61,000 in the near future. Yesterday's price action did meet my prediction.
At present, I expect Bitcoin to continue to fluctuate in this range for a while. Judging from the volume of the 4-hour chart, both long and short sides have relatively low trading willingness, which means that the market may need more time to find direction.
In summary, when the price approaches $62,000, this may be the point where you consider taking profit on long positions or opening short positions. On the contrary, when the price falls back to around $58,000, this may be the point where you consider entering the market to go long or taking profit on short positions.
