BTC recent market analysis

The current 4-hour K-line of BTC is still in an obvious downward channel. The price is hovering around 56,000 USDT, close to the lower support line of the channel. Judging from the recent rebounds, short-term bulls have failed to break through the upper resistance, and the price has fallen again.

Resistance level: The upper 60,000 USDT line is the main resistance area, and it may usher in a stronger upward space after breaking through.

Support level: There is obvious support around 53,000 USDT below. If the price falls below this support level, it may further bottom out.

Operationally: The recent trading strategy recommends waiting and waiting, waiting for the price to break through the upper edge of the channel to confirm or fall below the lower support before making further operations.

Pay attention to market fluctuations and adjust strategies in time, especially in the current environment, and be cautious in dealing with possible greater fluctuations.