Last week, we mentioned that the daily line faced a small pullback at the $65,000 pressure level and there was hope that it would continue to rebound to $68,000-70,000. Yesterday, BTC rebounded to $68,474, entering the $68,000-70,000 pressure range.
With the opening of Ethereum ETF trading this week, the Bitcoin Conference is about to begin, and Mentougou is ready to move.
We expect that it will be difficult for BTC to successfully break through the $68,000-70,000 pressure range in the short term. BTC will at least step back to the $65,000 support in the future. At that time, we will judge whether it will fall further to $60,000 based on the support of $65,000. At present, I personally think that the probability of falling below $65,000 to $60,000 is still quite high.
