After Bitcoin fell below 63,000, it reached a minimum of around 62,600. It rebounded at this position, reaching a maximum of 64,341, and then fell again to around 63,000!
The overall trend is a back-and-forth harvest of longs and shorts, which is very painful. Basically all the friends who were long today were buried! After falling, it is expected to rebound. It has been reminded before that if you don’t go in short, you can’t go in short!
After the current rebound, the 15-minute line saw another continuous retracement, although the support below has been tested in place! But today there was a drop of nearly 3,000 points! Now all the previous increases have been wiped out! Looking at the overall market situation, it still has a weak structure! Technically, the suppression is still serious, so any rebound will be a catalyst to accelerate shorting!
The bull market is not over yet, but no one can withstand this correction in the bull market. The rebound is an opportunity to go short! You don’t need to eat too much in each wave, it’s very easy to get 800-1000 points!
So I suggest:
It rebounds to near 63500 and is empty. The target is 62000 and the defense is 64200!
Plus, it’s free on the bus in the early morning! $BTC $ETH #BTC
