After the price of Bitcoin was pulled from 60,000 to 64,400, as the A-share market sucked blood, the price of BTC fell back to around 62,200. It is expected that today will be the same, and there will still be a dense area around 61,800-62,800. As long as it does not effectively fall below 61,800, the market will continue to consolidate.

The current K-line pattern fluctuates in the range of 61,800 to 62,800, forming a pattern of shock consolidation. A very long upper shadow line appeared the day before yesterday, showing that the upper selling pressure was heavy. The 4-hour level of the technical indicators MACD, DIF and DEA began to cross the zero axis. It mainly depends on whether the 200-day line can hold up. If it holds up, there will be a rebound demand in the short term. At present, the RSI value is close to 50 and there is no obvious overbought or oversold signal. Before the CPI data is released at 8:30 tomorrow night, it should be weak and sideways. Wait for the main rising wave of this month to come!