I will explain it in plain language so that some friends don’t understand

Yesterday review: As soon as the Federal Reserve announced a 50 basis point interest rate cut, Bitcoin could not sit still, and the price jumped up and down. As soon as the Asian market opened in the morning, Bitcoin rushed to more than $62,000, and then lingered there. At around 5 pm, the price began to rush up again. At 1 am, it rushed to $63,800, but it didn’t rush through and fell back again - this position is the resistance level we mentioned in the analysis yesterday morning. Now, Bitcoin is hovering around $63,000.

Today’s outlook: From the candlestick chart, Bitcoin fell on the one-hour chart, although it seems to have stabilized a bit; it is still rising on the four-hour chart, but it feels like it is almost over, and it may go sideways or start to fall. Looking at the 12-hour and daily charts, it is still rising overall. Today’s short-term resistance is between 646 and 651, and the support is between 608 and 613. The market may fluctuate more on Friday. Everyone should pay attention to risks, operate cautiously, and don’t be impulsive.