BTC/Daily Chart
At the daily level of Bitcoin, the price of the currency fell under pressure from the 70,000 mark on Wednesday, and the short-term pattern is still weak. This week, the main observation is the support of 64,500 below. If the lower track is not effectively broken, it will rebound to the short-term moving average and the previous channel counter-pressure to test. The short-term strong pressure is concentrated in the 67,300 area. In other words, if 67,300 breaks through and stands above, it will continue to test the middle track near 68,500, and the 64,500~67,300 range will continue to extend to 2~3 trading days. In short, the daily level depends on the strength of the decline and focuses on the 64,500 line. The shock repair will be seen tomorrow and the day after tomorrow.
BTC/4H chart
At the 4h level of Bitcoin, as shown in the figure, it is currently falling weakly, approaching the lower support of 64,500, and the upper resistance has moved down to 67,300. After the market stabilizes at 64,500 in the evening, the rebound correction can be continued and expanded over the weekend.
BTC/1H chart
Bitcoin 1h level, as shown in the figure, the current price is running around 65300, the downward momentum has obviously eased, and there is not much room for downward prediction. Just hold 64500 tonight, and after stabilizing, there will be a short-term shock rebound. The upper pressure focuses on 66500
Strategy 1: It is recommended to buy in batches at 65000~64800, stop loss at 64300, and target around 66000~66500
Strategy 2: It is recommended to short in batches at 66400~66800, stop loss at 67300, and target around 65000
