Bitcoin fell below the 60,000 mark last night, falling to a low of 58,000 before quickly rebounding to around 60,200. On the hourly chart, the Bollinger Bands are pointing downward, but the price of the currency has quickly rebounded by nearly 2,000 points, and the MACD short volume has shrunk, indicating that it may stabilize in the short term. However, it is still a bearish trend in the long term, with the MA15-day moving average (about 60,600) constituting pressure, and the MA30-day moving average and the upper and middle tracks of the Bollinger Bands being strong support above. It is recommended to continue to be bearish in terms of operations.

Operational suggestions:

Bitcoin can be around 60,500-61,000-target around 59,000-defense 500 iodine

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