After Bitcoin fell below $60,000, it rebounded to $62,000 yesterday and formed a long lower shadow. The price is currently maintained near this level.

It should be noted that the key to future trends lies in whether Bitcoin can stay above the EMA20 daily line at the daily close, or break through the top of the falling channel near $65,000.

If these key positions are not broken, the downward trend will continue, and the daily and weekly retracement trends will continue.

The important observation point of the current market is the support and resistance of the $60,000-62,000 range.

If Bitcoin fails to break through the top of the $65,000 falling channel, the overall market sentiment may tend to be conservative, and investors need to pay close attention to price fluctuations in this range.

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