Warning: Be cautious about shorting
In the recent 15-minute trend, BTC successfully formed a W-bottom pattern near 63781, indicating that the price may challenge the high of 66314 again. When considering shorting, it is recommended to wait for the price to break through at least 66,000 before taking action to ensure a safer entry point.
At present, the market news is relatively calm and there is no significant negative impact. Therefore, from the perspective of technical analysis, the market trend of BTC is more inclined to rise.
The 1-hour MACD indicator has shown signs of bottoming out, while the KDJ indicator has also shown positive signals similar to a glimpse of water.
It should be noted that the upper bull-bear dividing line is located near 66680. When the BTC price is close to or exceeds this level, it will be a more suitable shorting opportunity.
It is expected that BTC will have another upward trend today, and every current correction is a good opportunity to enter the market and go long.
The key support level below BTC is located near the 63500-61500 range