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Bitcoin rebounded yesterday around the 64,000 level
Short-term resistance is the 6-hour MA60
But if it leads to a new low here (break below 59,000)
That would maintain the weekly divergence bottom structure
Most likely it is the monthly MA60
In terms of operation, when it moves below 60k, do not short
When a new low divergence bottom occurs, it’s actually a good time to buy bullish options, and since it’s on a weekly level, the protection should be with options that have at least a one-month cycle
If it first rebounds to test the resistance
That is around 68,000-70,000
Then buy put options on rallies
⚠️⚠️⚠️⚠️⚠️⚠️ During the bear market bottoming phase, friends with large funds should definitely remember to buy spot! Limited to BTC and ETH.
#BTC #ETH