Bitcoin's evening and large-level market analysis. Currently, according to the chart, the short-term key support levels are at 59000 and 58500, and key resistance is at 60800 to 60950. The current market has not shown a clear breakout; short-term trading can wait for breakout signals.



From a large-level perspective, it is now close to Fibonacci 0.618, which is around 58000 for Bitcoin. According to historical data, this level has seen significant rebounds. Therefore, I suggest brothers not to short; the risk-reward ratio is extremely low. From the current position to 0.618, there is only about 2000 points at most.

I believe that at this level, we can build positions in batches with spot, or go long with light positions at major support levels. History does not repeat itself but often rhymes. Therefore, we must respect the market and follow the trend!!! ‌
BTC-0.97%
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