Has Bitcoin really stopped falling? Will Bitcoin continue to rise or continue to test the retracement?

In the trading volume below, the bulls are better than the bears, so it has boosted a wave of rising market.

You can observe the line near $58,300. This position may be a short support area for Bitcoin during the day, which is worth paying attention to. If Bitcoin can break through, the price will come to the upper 0.5 position, which is around $61,000.

When the trend reverses and Bitcoin continues to hit new lows, the support level ahead will become a resistance area. I think the line near $61,000 will be the new first-level resistance area for Bitcoin at that time. This position is also a position where you can consider opening a short position. And the line near $63,900 above are all positions worth considering entering the market to open a short position.

What about support? Bitcoin is around $53,600 during the day. You can consider opening a short position at the top, and around $53,000 at the bottom. You can try to open a long position with a small position.