The current price of Bitcoin is 61500. The daily level continues the sideways trend, and the amplitude is basically consistent with the previous day. The price almost recovered the previous day's amplitude. There is no change in the general trend. It is currently identified as the consolidation process after the previous large-scale downward fluctuation. As the weekend approaches, the subsequent sideways consolidation record will continue to be high.
In the medium-term, we see that it has returned to above 61500 again, which is consistent with the view of the subsequent direction selection mentioned in our article. Although the 62500 level has been tested three times in a row and failed to break through, as long as the price can maintain stability above the flow line, the possibility of being broken through will become higher and higher as time goes by.
The reason for the repeated transformation of the short-term is mainly because the price stops repeating in the large cycle, and the conversion of the zone is gradually derived from the small level to the larger cycle. Therefore, we see that although the rhythm has been continuously replaced at the small level, the navigation situation has been dominated by the side from the side to the side, and the low-side strategy can be maintained.
Big pancake is around 60800-61100, see 62000
Second pancake is around 3380-3400, see 3480
