[The eve of the Bitcoin storm? After 6 days of fluctuations, will it soar by 70,000 or plummet by 50,000? ]

Brothers, Bitcoin has been hovering around 63,000 for 6 days recently. Many people are asking me: How will this wave of market go? Is it time for a big rise, or will it continue to fluctuate or even fall? Don't worry, let's analyze this situation.

Technical side: What signals are hidden behind the 6-day sideways movement?

From the K-line chart, Bitcoin has been sideways around 63,000 for 6 consecutive days, and there has been no significant fluctuation in the short term. What is the dealer doing? This position is obviously a chip turnover area. Retail investors cannot see the direction clearly, and the dealer is waiting patiently here. The longer the fluctuation time, the stronger the momentum after the breakthrough!

Upper resistance: 65,000, this is an important resistance level in the early stage. The dealer repeatedly tested this position to see if he could force the shorts out. Support below: 60,000. As long as it does not fall below this support level, bulls still have a chance to dominate the market.

Market sentiment: retail investors are confused, and dealers are calm

Many people have panicked in the past few days when they saw that Bitcoin did not move, and they could not help but want to cut their losses or take a leveraged bet. But in fact, this period of volatility is exactly the situation that dealers like most, because they can slowly absorb funds, and when the time is right, a big rise or fall can take away most of the retail investors' funds.

At present, Bitcoin has entered a critical position, and the probability of breaking through 64,800 in the short term is not small. Once this point is broken, market sentiment will be quickly ignited, and it is not impossible to rush to 70,000. But if it falls below 60,000 before that, the volatile market will continue for a while, and it may even fall back to the stronger support below.

Operation suggestions:

Spot: You can arrange a small amount in the 62,000-63,000 range, and continue to increase your position after waiting for a breakthrough.

Contract: You can go long with a light position near 63,000, with a target of 65,000, and increase your position after the breakthrough. The stop loss can be set at 60,000 to control the risk.

👇 Brothers, what do you think? Do you think Bitcoin will rise or fall first? Come to the comment section and talk to me!

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