Bitcoin has been waiting for the right point to enter the market. It is not like Ethereum, which is afraid of missing the rebound and entering the market in advance. Therefore, it has been waiting for a retracement to around 62,000 before starting to test the position. The current price is 6.3w. The big cycle has reached a high level, and there is still a large space above. Therefore, regardless of whether it will retrace or not, it is the best operation to wait for opportunities at this time. The big level has been testing the standing point of the market near 63,500.
The daily K-line has fallen below the previous low of 63,500 after continuous high-level sideways trading. It has now reached the 63,000 mark. KDJ has shrunk. The daily K-line has fallen back 2,000 points from the upper track of the Bollinger band at 65,000. The polarization formed by MACD, the kinetic energy of the current market of the four-hour fast line is stronger The trend is a little bit, but it is not a fast drop. KDJ spreads downward to 7.5 values, Bollinger Bands shrink, and the lower track support point focuses on 62600. MACD has not yet formed a top divergence, and there is a little downward space for shrinking volume. Overall, the market will fall back in the short term. Pay attention to the key support below. If the support is not broken, you can choose to test the warehouse.
Short-term ideas reference:
Lower 62200 to 62600 long, stop loss 500 points, target 63300 to 64000, break to see 64600
Above 64700 to 65000 short, stop loss 500 points, target 64000 to 63500, break to see 63000
