Analysis of BTC market dynamics: Since 1 o'clock in the afternoon today, the market direction has changed significantly from bullish to bearish, announcing the end of the recent strong bullish situation.
Currently, the 1-hour chart shows that the market is brewing a rebound trend, and the key point worth paying close attention to is 63554.4.
If this price can hold on during the decline, it indicates that the rebound is expected to continue, and the potential target levels above are focused on the areas around 63922.0, 64235.8 and 64534.2. #BTC #BTC走势预测 #BTC翻倍之路 #BTC☀
However, if the market weakness intensifies and the long-short transition point on the 1-hour chart is effectively broken down, the rebound attempt may fail and the market will return to a bearish tone.
In this situation, the lower support levels are around 6321.3, 6278.4 and 62399.2. We need to be alert to changes in the support strength of these positions to judge the market outlook. $BTC $ETH $BNB
