After Bitcoin has gone through several consecutive days of decline, although it briefly pierced the key 60,000 support level, it has quickly reclaimed above this level to stop the fall and stabilize. The market is currently in a sharp rebound correction phase within a downtrend. At this time, note that 60,000 is the dividing line between bulls and bears; if it holds, there is a chance of a sideways rebound to test 64,500 and even higher. If it is effectively broken below, be alert to the risk of a larger-cycle downtrend. During the day’s short-term window, watch for support confirmation around 62,000–61,300; as long as it holds, it may be possible to place bids and catch (opportunities). If there is insufficient upward momentum at the resistance zone of 64,000–64,500, consider short-term defense.

BTC-2.29%
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