It has disappeared for a while, but recently there hasn't been much to do in this market. Since the downward break at the beginning of the month, it has been in a low-level consolidation phase. And there is also little liquidity, mostly some existing positions fighting it out. Plus, external news factors are not ideal. Most people are quite pessimistic. However, at the current stage, the bottom position still allows for an upward layout.

Although there hasn't been a significant rebound, the support at the bottom has already formed. The rebound space is still quite large, requiring time to exchange for space and wait. From a technical structure perspective, last week Bitcoin experienced a wave of daily chart structure rebound, but it did not continue. It continued to face pressure and fall back, but after a morning rally, the daily level already shows a trend of breaking down. Although the market is quite pessimistic, we still maintain an optimistic outlook.

Bitcoin trading suggestion: 74,000 to look up to 78,000 #美伊谈判第一轮结束