$BTC Recently, the Bitcoin market has become more volatile. Although there was a slight increase yesterday, overall, this was just a short struggle of the bulls. The market is currently brewing a larger adjustment, which the industry calls the "big waterfall".
In yesterday's trading, the price of Bitcoin surged to the 66,500 level, but lacked sustained upward momentum. The price fluctuations were more like a signal of consolidation of the top rather than the beginning of a new trend. The previous rise was mainly affected by the news, and the current market has returned to calm, and a corresponding correction is expected.
On the daily chart, although the bulls are still dominant, the big positive line at the bottom has wiped out the decline of the past week. This technical pattern suggests that the market may be undergoing a cleanup to eliminate too many shorts. However, there is a greater risk of being overly bullish at high levels, and investors are advised to remain cautious and avoid blindly chasing the rise.
For the next operation, it is recommended to short when Bitcoin rebounds to the 66,000-66,500 range, with a target of 62,500-62,000. This strategy aims to seize the market's adjustment opportunities and reduce investment risks. At the same time, investors should pay close attention to market dynamics and be ready to adjust strategies to cope with market changes. #BTC能否站穩6W5? The cryptocurrency market is extremely risky, and investors should operate with caution and allocate assets reasonably. The above suggestions are for reference only and do not constitute any investment advice.