#BTC Bitcoin briefly rushed to 64500 yesterday, and is currently at 63300. It is facing a strong pressure level of around 64000 in the short term. The last time it fell to 56500 was also because the large pressure level of more than 64000 was not rushed up. Bitcoin is currently undergoing a one-hour correction. Because Bitcoin has rushed to 62000, this correction will not be too deep. If it can maintain 62000, it is likely to break through the large pressure level of more than 64000 this time. If it fails to maintain 62000, it will go to the 59000-60000 range. At present, the possibility of falling below 59000 is not great.

#btc Bitcoin has rebounded to 63,000 due to the positive impact of non-agricultural data, but structurally speaking, it still needs a one-hour correction. It depends on the strength of this one-hour correction. If Bitcoin can hold 58,000-59,000, the probability of a subsequent rebound is relatively high. If it cannot hold, it may still go to 56,000 or even below, but I think the overall structural adjustment is basically in place, and a downward adjustment is needed to complete the adjustment of Bitcoin, and then the subsequent shock upward. This re-entry to 63,000 shows two problems: First, the news has a great impact on Bitcoin, and the technical analysis alone is not complete, so those who fall to 40,000 or even below are likely to miss out on this round of bull market. Second, the lowest point of a good news rebounded by more than 7,000 points in a short period of time, and the bull is still alive.

Summary: A structural correction is needed, pay attention to the 58,000-59,000 points, hold the probability of subsequent upward movement, and do not be overly bearish. If it cannot hold, continue to look at around 56,000. The overall structure is basically in place, the bull market is not over yet, so hold on to the spot.

Disclaimer: This goose only plays spot, and everything is based on spot analysis.