Bitcoin



After falling for six weeks over the weekend, the market started to fluctuate back and forth. The downward move last week has basically run its course. If it continues to decline, pay close attention to these key levels: 57,500, 53,000, and 49,000.

Next, the market is likely to see a small rebound first, restoring trading activity. The final trend will depend on the results of next week's Federal Reserve meeting. For now, the market is temporarily at a pause. Everyone should avoid frequent trading; it's better to watch more and act less.

Hourly chart analysis

In the short term, focus mainly on the 62,000 level. If it can break through smoothly, look further up toward 64,000. If it can't push higher, the market remains relatively weak.

Trading reference
If you want to short, enter around 62,000 with a stop-loss set above this level.
For long positions, wait and see. Enter after a breakout and a stable pullback. Do not chase the rally blindly.
$BTC #比特币ETF单日净流出7272枚
BTC0.11%
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