Bitcoin's short-term bottom has formed. After a short pullback and stabilization, the target is to attack 62000.



Yesterday clearly predicted that the market would mainly rebound, with 57700 support being hard to break in the short term, and the trend fully confirmed the judgment; at the same time, gave a pullback to 58500 to go long, taking 1000 points, 20000 USDT!

The market surged straight from 58300 to 61300, a unilateral rise of 3000 points, with strong bullish momentum, but do not chase the rally. Currently, the contract funding rate is high, CVD has turned, retail investors are piling up longs, and the market has a need for a pullback.
Two countermeasure ideas:

1. If it directly surges to 62000 and encounters resistance, you can follow the trend to go short;

2. After a pullback to key support and stabilization, then lay out long positions, with the primary short-term target of 62000.
62000 is an important watershed; after effectively holding above it, a new round of rebound space will open up.
l#Circle股价重挫17%
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AirdropLunchbox
· 07-02 08:37
This wave of analysis is on point, the 57700 support is indeed strong.
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GateUser-d2929483
· 07-02 08:36
62000 is a key watershed; only if it holds firmly can we look at new highs.
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GateUser-2d7346e0
· 07-02 08:06
High funding rate + CVD turning around, indeed need to guard against a pullback.
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PocketValidator
· 07-02 07:54
Circle dropped 17%: is it stablecoin regulation or another narrative? Don't be misled by short-term trends.
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LintCollector
· 07-02 06:40
Yesterday, we went long at 58500 and gained 1000 points, we kept up.
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