The price of Bitcoin was sideways yesterday. It broke through 65,000 in the morning and then fell back to 64,000.
Yesterday, we said that Bitcoin has a downward trend at the 4-hour level, but it was sideways all day yesterday, with almost no fluctuations. According to previous observations, this kind of sideways trend is often followed by a big wave. It should not fall or rise, just like a spring. The longer it is suppressed, the greater the power after it breaks free.
Back to today's market analysis: From the K-line, the 1-hour and 4-hour levels are both in a downward trend, and the 12-hour and daily levels are still in an upward trend. The intraday pressure level is 66,300 and the support level is 61,700. Today is Monday, and the market fluctuations are generally large. Be careful!
