After three days of silence, the BTC market finally rebounded from the lowest level of 60,600 to the highest level of 63,400. The bulls had a respite. Looking back at our market strategy yesterday, we only went long after stabilizing at 62,000, and did not enter the market against the trend, and made a profit of more than 1,000 points!! It is still running above 63,000, which is relatively positive overall.
At the macro level, we still focus on the US dollar and gold, looking for opportunities for resonance. Gold rebounded sharply from the bottom of 2,300 and is currently running around 2,370, with a rebound of 3%. The corresponding US dollar weakened again after rebounding to the second highest level. The current trend has entered a downward trend. The medium- and long-term cake is still expected to continue to strengthen.
From the trend point of view, the 4-hour level refuses to weaken again, and the EMA has re-crossed. What needs to be focused on now is the chip center around 63,600. If it can surge upward, this position may form a resistance support swap, then the next target is around 67,000. As long as it does not fall below 62000, we believe that the market is expected to continue to improve
Short-term support below 62000 58000
Short-term resistance above 63600 67000
In terms of operation, continue to hold the recent stable long orders with good protection, cut losses, hold profits, and pay attention to the breakthrough opportunities above. If the volume breaks through 63600, you can continue to chase the longs, and the target will first see 64800 67000
