This morning's Bitcoin outlook



Operation: 62,700–63,200
Target: 61,500–61,000
Watch for a drop to 60,500

Last night, Bitcoin surged to 62,800 and quickly fell back to 61,600, with a long upper shadow on the daily chart, indicating heavy selling pressure above 62,800. This morning, the rebound was weak, and the hourly chart formed a descending flag pattern. Additionally, with the unemployment benefit data due tonight, the market expects negative risk assets, and funds are preemptively hedging. The rebound to the resistance level is a short opportunity, with stop-loss in place. The initial target $BTC is 61,500.
BTC2.2%
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