BTC market analysis

Yesterday's market strategy was to look for lows to go long. 63500 is defined as a key support level. Once it falls below, the market may pull back to 62000. The price did fall to around 62300 last night and then rebounded by more than 3000 points, but we only regard this rebound as an oversold rebound. From the overall structure, the market has broken through the previous important support range, the trend has reversed, and the current rebound is more suitable for shorting.

There are two possibilities for the current market direction: one is to make a pullback for the rise of 53300-70000, and the other is that the rising trend has ended, and the market may enter a shock decline and form a new low, entering a small bear market. In view of these two possibilities, today's strategy is to seize the opportunity to go long on the pullback, and at the same time, arrange short orders at high levels to adapt to market changes. $AMB $FXS $AAVE #美国政府转移BTC