BTC did not fluctuate much over the weekend, and the overall weakness converged. The intraday fluctuation was only 1%. It is currently running around 61,000. Yesterday, we mentioned that we could try to go long above 6w in the short-term strategy. We are currently making a small profit. If it does not effectively fall below 6w, we can continue to hold it.

The current position belongs to the lower edge of the entire high-level box. If it effectively falls below 6w, it will be more difficult for the trend to recover in a short time. It is basically the last line of defense for bulls. Below 6w is basically a vacuum zone, and there is a lot of room for decline.

From the daily Fibonacci level, the position of 60200 is exactly 0.618. Is it possible to start a reversal at this position? After returning to above 61000, it broke through the downward trend line again, but if the market wants to strengthen, it still needs upward volume confirmation

Short-term support below 60200 58000

Short-term resistance above 63600 67000

In terms of operation, long orders above 6w continue to be held. If there is a large upward surge, you can follow the trend and buy more. Before it effectively falls below 6w, it is the last chance for bulls