Based on today’s analysis, Bitcoin is still bearish. The downside level is around 610, then it should bounce and break above 647. After that, it may drop and fall below 578. I drew my own chart to see whether things will play out according to my prediction.



Just now, I opened a position at 629 and closed it at 625 because it reached a support level and may bounce. Today, in the U.S.-Iran situation on the screen, the market only fell by 500 points. Bitcoin has already become desensitized to the news on the matter. So going forward, no matter how big the news is, Bitcoin will be hard-pressed to surge or crash dramatically unless there are large buy orders and sell orders.

As for altcoins, try not to play them, because many people don’t know research or technical analysis, and they also don’t understand market maker tactics. If you see me making money, that doesn’t mean you’ll necessarily make money too if you copy me. Stick to the coins you’re familiar with. If you’re a beginner, it’s best to trade Bitcoin—don’t do contracts. Don’t mess with tokens like LAB.
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