7.6 $BTC Market Analysis (with Long/Short Levels): Bitcoin's weekend trend was quite interesting, retracing at the two resistance levels the section chief mentioned, 632 and 638.

If the 15-minute level fails to break above 634, be cautious of the formation of a 15-minute M-top, which could lead to a retracement during the day.

During the retracement, pay attention to the 4-hour support/resistance level around 62200, and see if there is a rebound. If going long, you can initiate a small position at 62200 and add another at 61600. Set the stop loss slightly below 61000.

Here, note the weekly-level bottom pattern. Can we gamble on a major long position? If it doesn't drop and continues to rise, the focus should be on how to chase long, not on thinking about a big short. Because the market is ever-changing, don't stubbornly believe in what you wish to believe. Keeping up with the times is always right.