The day before yesterday, the price of big cake fell below the 60,660 mark, but it did not trigger panic selling. It fell to a low of 59,678 and then quickly rebounded to above 61,000. Last night, the price once hit a high of 64,000, but this morning, affected by the situation in Israel and Iran, the price once again fell below 60,000, and once fell below the lowest point of the previous night to 59,600. However, as the two countries clarified that there was no substantial loss, the price of big cake rebounded rapidly, breaking through the resistance of 64,500, and once rose above 65,000, reaching a high of 65,179.
This trend of rapid rebound after a new low can basically determine that there will be no waterfall-like decline in the future of big cake. This morning, the price tested the 60,000 mark again, and then reversed in a V-shape, breaking through the 64,500 long-short dividing line, and looting high-leverage long and short positions. In the short term, the unilateral market is unsustainable, and the technical side is expected to show a wide range of fluctuations.
Bitcoin has twice tested the 60,000 mark and has been supported by the market and rebounded quickly, especially today's V-shaped reversal, which basically confirms that the correction since the beginning of last week has come to an end. Although it may not rise directly in the future, in the wide range of fluctuations, the decline is a good opportunity to go long. In the wide range of fluctuations before Bitcoin halving, the price may fall back to the 62,000-61,000 range. If there is such an opportunity, it may be the last time to get on board in this round of correction.
