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Currently, the market does not require overly complex analysis. Last week's market experienced a deep bearish trend, with many major players suffering heavy losses, and market panic sentiment was immediately heightened. But in my view, this sharp decline is not a bad thing; it’s a good opportunity for retail investors to turn things around, as long as they don’t hold onto long positions at high levels. During this decline, there are still some profits to be made $BTC
This week’s market trend tends to move towards low-level oscillation and recovery. The focus is on the 60,800-61,500 range, where prices are oscillating and consolidating, forming short-term support. In terms of volume, during the pullback, volume continues to narrow, and combined with short-term indicator judgments, there is a strong demand for a short-term rebound and recovery. Attention should be paid to the 64,400-65,200 range above.
Operational suggestions:
Buy long at 61,600-62,100, with a stop loss of 800 points, aiming for 63,200 to reduce positions, and if broken through, target 63,800-64,500.