$BTC Today's market, the price of Bitcoin is expected to rise to 65500-66700.
There was no big fluctuation in the two days of the weekend, and it basically fell sideways.
At present, the market is still bullish, and I don't see any opportunities for shorting at the market price for the time being.
From the perspective of the market, after theoretically breaking through the strong pressure level, the resistance and support are converted, and Bitcoin should fall back to 62800 or the strong pressure level of 61800.
As a strong support, it will further attack.
But just now, it took only 1 minute to insert the pin to the bottom of the wedge rising trend line of 588-607 at 632, which showed a strong rebound.
And as the bottom rises, the upward trend will become more obvious.
From the perspective of trading game, before breaking through 64000, there is a strong pressure position of 63500.
Most traders who are familiar with the market will try to short at this position.
But the market directly broke through, which led to the positions of 624-628 and 63500.
A large number of short-selling traders who are not used to stop losses were trapped.
From the perspective of the main traders, I personally think that the main traders will not be so kind and give these trapped traders a chance to get out of the trap before further attacking.
Therefore, on the whole, further attacking is more in line with the market intention.
The four-hour line is physically above the 642-646 range, looking at the target position. 65500 is also a strong pressure position.
However, the characteristic of unilateral market is that the pressure position often does not work, such as the direct breakthrough of 63500.
So at that time, we will wait and see the strength of the market's callback to make a judgment. If it breaks through directly, we will look at around 66700.
Of course, we should be prepared for both hands. Under the above premise, the four-hour line cannot physically fall below 63000. If it falls below, we can look at the position of 62400 (with a small probability).
The views are personal subjective views and are for reference only.
