Good evening, my friends:

64700 will be a key price. If it rebounds and cannot stand firm, the short side will have an advantage. The overall market liquidity has been drained due to external environmental factors. Will it fall sharply at this stage? I will tell you below.

The market was smashed early this morning. The on-chain data showed that it was an institutional investor who established a position in February 23 and bought BTC at the low point of the bear market. This morning, the big BTC in hand was transferred to Binance Exchange for selling. Two big negative lines were directly smashed in the 4-hour cycle. The market is ugly, and Bitcoin has underperformed A-shares. Everyone should have seen the news today. A-shares directly received trillions of funds today and directly hit the daily limit. Who wouldn’t be tempted! A-shares suck blood, I am suspicious that the big BTC that smashed the market today went to stock speculation with the money! ! !

Although Bitcoin has a pullback, I still hold a bullish mindset. After all, it has been consolidating above the high of 65,000 over the weekend. It is also very ideal to have a pullback at present. I also published an analysis yesterday and will make adjustments. Just like people, there is a squatting action before taking off, so that energy can be gathered and jump out of a better height.

When Bitcoin pulls back, other mainstream value coins have not fallen much. The wives are very strong. The main force below is very strong. It will pull up after falling. The 4-hour long lower shadow is not there. There is no panic. Instead, many people get off the bus. I am waiting for the National Day to close the A-share market and hot money to flow back to Bitcoin!

Short-term ideas for Bitcoin:

The support level below Bitcoin is 63,300-63,000, and the upper target/upper resistance level is around 64,700-65,500. Stand firm above 64,700 and continue to look at breaking through the high point of 66,500. #BTC走势分析