After Bitcoin bottomed out during the day, it has continued to repair and warm up. At present, the overall market remains in a range-bound, sideways rhythm, with the range stuck between 61600-63260.

In the short term, 63200 above is the primary resistance level for the evening. If price moves up to this area, it’s likely to be met with resistance and pull back. Below, 61600 is the key support level—so long as it doesn’t break, the short-term recovery pattern remains intact.

Tonight also has a number of important data events, so the market is prone to being pulled back and forth. For friends who want to be steady, it’s better to observe from the sidelines as much as possible. For those looking to trade short-term: at the high end, lightly reduce exposure and wait for a pullback; once the low end stabilizes, enter small positions on dips with a low risk allocation. #BTC