Bitcoin is still oscillating downward. After a morning high yesterday, the price of the coin has been getting lower and lower. Today, it rebounded to near 65500 and then encountered pressure. It still did not stand above the average line, and the rhythm is still an oscillating rhythm. Currently, it is still at a high level, so let's not chase the rise at the current price! Still looking to go long on the pullback!

The hourly chart is still running back and forth within the oscillation range, and there is no particularly strong trend. Each wave of decline is accompanied by a rebound. The current high point today is around 65500, still within the oscillation range. The lower point is 64000. If it falls back to this position again, you can directly go long!

A decline does not necessarily mean a trend reversal. Don't be deceived by the apparent strength. Whether it will truly turn bearish still remains uncertain. Recent market news has been positive, but it has been accompanied by retracements after reaching highs. Although the bulls have not continued to rise, the shorts have also been struggling.

Morning suggestion:
64000 directly long, target 65500, defend 63500!

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