$BTC 9.5 Bitcoin Market Analysis
Bitcoin's decline is a double sawtooth structure. At present, it has completed the first stage of decline and started to rebound. It is expected to rebound to around 61,000.
It is possible to form a head and shoulders top structure in the future. The first pressure level is around 62,700 for the left shoulder, and the second pressure level is around 65,000 for the previous high. After breaking the head and shoulders top, it is expected to fall to around 48,000, and it can be shorted against 62,700.
Holding a long order at 56,800, it is bullish on the 60,000--61,000 range.
