$BTC 6.30 Bitcoin Market Analysis
Currently, the price of Bitcoin is around 61,000. After the consolidation is over, it is expected that the third round of increase will begin, and the increase will not be less than 100% of the first round. The price during the current consolidation period may fall below the low of 56,000. It is recommended to wait patiently for a safer opportunity to open a position and not rush to open a contract order.
From the perspective of the main force, the cost of opening a position in Bitcoin is more than 50,000 US dollars. The current shock is to get rid of retail investors' chips, and then the main force will raise the price. In terms of technical structure, there is currently a lack of obvious upward trend, and it is expected that there is room for further decline. It is recommended to wait for the shock to complete before opening a position.
Wait until it falls to around 55,000 before arranging a long order.
