Where is Bitcoin heading? $BTC

This afternoon, Bitcoin slid downward at the instigation of Huang Mao, breaking below the 62330 level. It's a bit of a breakdown, but the situation doesn't look too bad for now! It didn't directly break below the 61160 level. We had placed long orders around 62500 at noon, which were doing well with profit, but they've turned into floating losses—just a few dozen points away from the take-profit target at 63000. From now on, when trading during the day, I won't hold positions for too long; I'll exit at 300–500 points profit!

After studying the chart, here's our plan for tonight:

I. Right-side Trading
Long strategy:
Condition: Bitcoin breaks above 62330 with volume; enter a long on the right side.
Confirmation: 1-hour candle closes stably above 62586.
Target: 63170 – 63860

Short strategy:
Condition: Bitcoin breaks below 61463 with volume.
Confirmation: 1-hour candle closes stably below 61463.
Target: 60865 – 60110

II. Left-side Trading
Long layout: Enter long orders between 60000 and 60600.
Short layout: Enter short orders between 63500 and 64000.

III. Battle Zone
61160 is a key level and also a 4-hour support. Around this area (61000–61250), we can place long orders as a gamble. In other words, if Bitcoin doesn't go lower, it will rally directly from this level. If it does go lower, I'm not afraid even if it drops to 59000 tonight! At worst, we won't make money. As long as position size is controlled, there won't be any issues! $BTC