Bitcoin market situation:

Bitcoin rebounded again in the afternoon. The rebound mainly came from the market's positive expectations for this week's CPI data and the short-term risk aversion of the SEC's lawsuit against Tether, which allowed Bitcoin to directly break through the key position of the daily level in the short term and temporarily stabilize.

The current key position of the daily line is 62,300, the middle line of the Bollinger band, which is above the upper track. The price trend and sentiment will be relatively better. On the contrary, it will fall below and return to the lower track of the Bollinger band, which is not conducive to the short-term price trend and sentiment.

In the short-term rebound, the upper key resistance is around 65,700. This position is the current key resistance level of the daily line, and the upper line of the daily Bollinger band and the middle line of the 3-day Bollinger band form effective resistance.

And this position is also the recent high position of the daily line. Whether this position can be successfully broken through and stabilized in the rebound is very important. If it still cannot break through and continue to fall, then the daily line is basically still a fluctuating downward trend.

The support below is still temporarily at the 60,000 integer level. The recent multiple tests near 60,000 have consumed a lot of bullish power near 60,000. If it falls again, it will directly test the bullish power of the integer level.

Although the price rebounded in the short term and the US stock market opened well tonight, the short-term bullishness of Bitcoin is still not optimistic. Last week, we said that short-term breakthroughs need to be accompanied by the activation of market data, and then data and funds can effectively help prices stabilize, fluctuate, and change hands. Only by maintaining a certain degree of fluctuation on the upper track of the Bollinger Band can the downward trend of the daily line of the table be effectively repaired.

Later, we will pay attention to market data and fund changes.

#BTC走势分析 #美国4月CPI通胀数据即将公布