This morning, the Federal Reserve announced a 50 basis point rate cut, and the price fluctuation of Bitcoin was not as large as expected.
The short-term highest rise was around 62,500, and yesterday's long and short orders were not given a chance to be received!
In terms of trend: From the four-hour chart of Bitcoin, the upper short-term pressure range has just been broken, but let's see if it can stand firmly above this range. If it stands firmly, there will be further adjustment and rise.
If the test fails to stand firm, it will continue to fall. Combined with the market situation, you can choose to step back to take long orders and complete the second strong rise of the breakout plate stepping back!
Intraday operation suggestions:
Take long orders near 61,400, target near 64,500-64,800, and stop loss to fall below 60,600!
Personal opinion, for reference only!
