$BTC Morning news: Oil price drop fails to ease inflation, market maintains Fed's two rate hikes this year, Japan will support continued rate hikes this year.



The US dollar index continues to rebound, gold and silver continue to plummet, the sentiment in the crypto market is unprecedentedly bearish, it is still recommended to primarily short with occasional longs during the day session.

Technically, BTC faces resistance at the 60000 level, with multiple resistances above at 60500--61000--61500, and a top formation near 62000.

BTC suggestion: Short near 60600, add short at 61000, target 59000--58500.
BTC-3.32%
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