Bitcoin broke through 58,800 yesterday and is expected to rise in the short term, but it is under pressure at the 60,000 mark today, and there is still a chance of stabilizing and rising.

It is recommended to short in batches at 59,400~59,700 during the day, with a stop loss of 60,000, and the target is around 58,800~58,500;

Or it is recommended to go long around 58,000, with a stop loss of 57,500, and the target is 59,500~60,000. It can be held after breaking through.

The 4-hour level shows that the upper resistance is at 59,500 and the lower support is in the range of 58,500. The MACD bullish energy is gradually weakening, and it is expected that there is not much room for downward adjustment, waiting for the opportunity to rise.

Personal suggestions are for reference only