$BTC 9.20 Bitcoin Market Analysis
Bitcoin's Z wave decline has formed a triangle structure. With the breakthrough of the market, the Z wave has now been completed.
Bitcoin 57,000 has started a new round of rise. The first short-term resistance level is around 64,000-65,000. It is expected that there will be a pullback in this area. The larger level of resistance is above 70,000, and it may encounter strong resistance here. After the subsequent pullback is completed, Bitcoin is expected to continue to rise, with a target of more than 80,000.
If Bitcoin pulls back to around 62,000, you can enter the market to do more, and the existing long orders will continue to hold the mid-line orders.
60,000 long orders continue to hold. If the pullback is around 62,000, continue to add long orders.
