BTC did not fluctuate much over the weekend, but it also provided some short-term opportunities. Yesterday, our short-term strategy was to enter the market and go long when it fell back to 63,000-63,200. The highest intraday price reached around 64,200, and we were able to make a profit of 1,000 points. Congratulations to those who followed us! ! In recent days, the strategy has achieved substantial profits from stabilizing 58,000, breaking through 6w, and stepping back to 63,000. You can check the daily analysis and review.

The area around 63,000 is the upper edge of the downward trend line. Whether this position can be stabilized determines the next step. At present, the sentiment of the periphery has improved. The most intuitive thing is that Grayscale has begun to flow in for the first time, and ETFs have begun to flow in significantly. As long as the market continues to strengthen, it will drive the sentiment of fomo. In the medium term, there is no expectation of a sharp drop.

From a technical point of view, it is currently oscillating on the downward trend line. If you want to reverse completely, you still need to confirm with a large volume. In the short term, you can only view it from an oscillating perspective. The lower side is 62,500 and the upper side is 64,800. If you can break through 64,800 with a large volume, the market will further strengthen.

Short-term support below 62,500 58,000

Short-term resistance above 64,800 67,000

In terms of operation, before falling below 62,500, the idea is to focus on low-long positions. Long orders should be well protected and continue to be held. If the volume breaks through 64800, you can continue to chase more