Bitcoin Market Analysis: Buy the expectation and sell the fact. Influenced by the listing of Hong Kong spot ETF, Bitcoin has experienced sharp fluctuations, with the price consecutively breaking through, targeting the key level of $60,000. A large bearish candle on the daily chart directly established its bearish trend. In the short term, both the four-hour and hourly charts are in oversold conditions. After a short-term adjustment, the price is expected to see a rebound. In the short term, the resistance around $62,000 is a focus on the upside, while the support at the $60,000 level continues to be monitored on the downside. As long as the price continues to be under pressure below $63,000, we remain firmly bearish. If it falls below the $60,000 level, then we will boldly pursue a bearish view.
Short-term resistance levels: $62,000/$63,000 Short-term support levels: $60,000/$59,000
Real-time Bitcoin trading strategies:
Short near the rebound in the $62,200-$62,500 range, with a target of $61,000-$61,200, synchronized with Ethereum!
Long near the $60,800-$61,000 range, with a target of $61,800-$62,000, synchronized with Ethereum!
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