Sunday operation focus


[Love] BTC rose on Friday due to Powell's Favourable Information, maintained a high level of volatility throughout Saturday, and the daily candlestick formed a doji, indicating significant controversy. Currently, the 4-hour structure is oscillating at a high level, with a lower support at 63500 and upper pressure at 65000. Due to poor market liquidity on weekends, it is necessary to observe the proactive trends in the evening and tomorrow. If BTC can hold above 65000 on Monday, there will be a chance to challenge the upper pressure of the daily candlestick structure next week. If it fails to break through 65000 or falls below the support at 63500, it will weaken and retreat, with support at 61500-62000 below and a breakthrough target at 60500. Currently, 60500 is the trend line position, a short-term watershed stabilizing above it.
[爱心]Spot Strategy:
short term swing trading, the currency is defended at 63500. If it falls below 63500, it will form a double top structure in the short term. At that time, the short term swing trading should exit the market. If the defense level is not broken, hold and follow the situation of breaking the resistance level at 65000. Wait for the opportunity to increase the position. Do not chase the market now. The weekend will be mainly volatile. Wait for a pullback and observe the trendline support.
BTC0.55%
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