Update view for you guys.

The other day I said $BTC would rebound to the 60k area to fill the gap, but this morning it ran quite well up to 63k.

Currently there will be 2 cases as follows:

Case 1:

$BTC will gradually dump and create a new bottom after filling the CME gap in the 62k area.

Case 2:

$BTC will return to the 63kx area from now until the weekend to let the altcoin fly, then dump to below 5x again.

I am leaning towards case 2.

Those who are long, short or margin should be careful, if you want to short, wait until Monday morning.

What if it breaks through 65k?

The possibility of a reversal and an uptrend is there, but I think it's still very difficult because the economic situation is not stable and there's too much news about war, so I don't rate it very highly. Only from September onwards when the Fed reduces interest rates will BTC be able to break ATH.

#MarketDownturn #binance #CryptoHub