Bitcoin Market Analysis Yesterday’s Market Overview

Yesterday, the Bitcoin market showed a certain degree of volatility.

During the day, prices fluctuated within a narrow range between $59,500 and $58,700, and market sentiment appeared hesitant.

Going into the night, the price saw a significant decline, breaking the $58,600 support and briefly falling to around $57,500.

Price change details

The price found clear support near $57,500 and started to rebound, indicating that $57,500 is a key support level in the short term.

Suggestions for short-term operations during the day

For short-term operations within the day, the price pressure level of $61,000 above is worthy of attention.

If the price can effectively break through this pressure level, it may indicate that the market has the potential to rise further.

On the flip side, if the price declines again and breaks the $57,500 support, it could trigger a further downward trend.

Summarize

Overall, the Bitcoin market is highly volatile in the short term and the market is highly uncertain.

When conducting short-term operations, investors should pay close attention to price changes and make prudent decisions based on their own risk tolerance.

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