At the closing moment of this week, Bitcoin saw a short-term recovery and rebound.

Yesterday, boosted by the non-farm payroll data and the interplay of the US stock market, the price edged up, touched the 62200 level, then faced heavy selling pressure and pulled back, retesting the 61000 level and entering a narrow range. Currently, the price is consolidating around 61500.


Last night, we took a live short position at 61350 spot, added a short at 61900, and the market delivered a 800-point downward profit. At this stage, the momentum of the bulls has clearly stalled. Additionally, with the US stock market closing early today for Independence Day, market liquidity has shrunk, and the intraday volatility range is likely to narrow. Do not chase highs in the short term. Maintain the overall strategy of shorting on resistance during rebounds. If the 60000 support level holds, you can take a small position for a short-term long.


Friday Short-Term Trading Ideas


Place short orders in the rebound pressure range of 61800-62300

Downside target first look at 61000, if broken, continue to see 60000

If the 60000 support holds steady and is not broken, reverse to short-term long


Trading Insights


When the mind is restless, positions easily get out of control; when the mindset is calm, profits and losses can be managed. Abandon the mentality of relying on luck, only participate in markets with clear trends and clear signals, and patiently wait for the market to deliver.

$BTC