Bitcoin has rebounded to 63,000 USD today. It has rebounded from the low of 56,500 USD to 6,500 points, which can be said to be very strong
The reason why it can rebound so much is because the non-agricultural data released last night was super positive, which caused the market to start to explode around 59,000
But it has rebounded a lot now. It just happened to be the weekend. The market will basically fluctuate more in the range of 62,500-63,500, and there will not be too much fluctuation. In the short term, I think BTC will be consolidated at most around 64,600. If BTC wants to continue to rise, it must stabilize at 64,500 before it can continue to rise
The impact of the news has pulled so much that many people may say that the bull market is coming again. Everyone should distinguish whether the market is rebounding or reversing. Is this wave of Bitcoin's callback over? Is 56,500 the low point of this wave?
I personally think this wave is just a rebound, not a reversal. A reversal is possible only when it completely breaks through 64,500.
So the operation suggestion is to reduce the position when the price reaches around 64,500, and wait for the opportunity to enter the market again.
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