BTC market analysis

From the trend point of view, a big negative line appeared in the early morning, directly breaking through the recent low of 61700, and going down all the way to around 60000 points.

This trend completely opened the short trend, and the second wave of the decline has already gone halfway. In the short term, the small target can be seen near 58000.

At the same time, the selling pressure formed by the shock near 62000 points will become an important pressure point for rebound in the later period.

From the 4-hour line, the price stopped falling near 60000 points after breaking the recent low, and there are signs of a small rebound.

The upper selling pressure began to appear at 61700. In terms of intraday operations, the high-level bearish strategy can be maintained.

Focus on the pressure at the upper 61100-61600 positions, while the lower support needs to focus on the 60000-59500 points.

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