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Bitcoin support below remains strong, and we continue to maintain our long-on-dips approach.
Yesterday, Bitcoin surged to around 60600 in the early morning, then gradually fell to around 58100. Fortunately, the 58000 level held again, and it is now trading around 58500.
For this market, keep a close eye on the 58000 level. As long as it holds, we will go long on pullbacks. If it breaks, we will reverse and go short. Today, focus on the Fed speech at 9:30 PM!
Go long directly around 58000, with an initial target of 59400, and if it breaks, look towards 62000.
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