Yesterday, Bitcoin retreated slightly to around 62,800 in the early trading, then rebounded and fluctuated upward all the way until midnight, but the price rose again to around 64,600. However, the market did not stabilize and continue, but fell under pressure. The current situation is fluctuating around 63,700.

From the technical structure of the four-hour chart, the three lines of the Bollinger Bands are running upward. The price of the currency has repeatedly tested the upper suppression position, but it has not been able to effectively continue, but has fluctuated and fallen under pressure.

However, from the market point of view, although the market has stepped back, the overall strength is not large. After testing the lower support, the bulls launched a counterattack again. At present, the overall structure is still dominated by bulls, so we only need to follow the trend in operation.

Operation suggestion:

Bitcoin 63,500-63,000 area is divided into batches, and the defense is combined with its own position with 800-1,000 points. The target is around 64,800. If there is no continuation, you can directly reverse and look at the stepping adjustment.