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Midday Analysis: Around 62,800 for a bounce, optimistic: 63,300-63,800, support at 62,300
The current market has rebounded from the low point of 60,755 and has been on a continuous recovery upward trend after hitting bottom, with a strong overall momentum. The short-term moving averages are firmly supported, and buying interest below is sufficient to absorb selling pressure, with the lows continuously rising and downward momentum fully released. The moving averages are turning upward in sync, and the bounce momentum continues to increase, with a focus on testing support levels for a low bounce. #BTC