📈 Bitcoin price returned to $61,000 yesterday: a bull market rebound signal?
🚀 The Bitcoin market saw some exciting fluctuations yesterday, with prices once rising back above $61,000. This has sparked widespread discussion in the market, with many people beginning to speculate whether it indicates that a new round of rebound is coming. However, we need to remain cautious about such optimistic expectations.
📊 Analyst perspective: Looking back at Bitcoin's daily chart, although Bitcoin prices soared above $61,000 yesterday, some analysts believe that unless Bitcoin can break through the 200-day moving average resistance level of $63,000, any so-called "rebound" will not be enough to indicate the return of the bull market. Therefore, the 200-day moving average is a key technical support and resistance indicator, and breaking through this level can bring greater confidence to the market.
🔍 Trend observation: The current trend shows that Bitcoin continues to encounter obstacles near the bull market support line ($61,500) and the 200-day moving average ($6,3500). If the daily line fails to break through effectively, the price is likely to fall further to a lower level.
🤔 Analysts believe that although this round of correction is not over yet, it is unlikely to fall below the low of $49,000 in the previous few weeks. The more likely scenario is that it will fall to the $54,000 to $56,000 range or a short-term pin of $51,000 to $53,000, and then reverse immediately!
🛠️ Trading strategy advice: This is a critical period for traders, and it is particularly important to set limit orders reasonably. By setting limit buy orders in batches at relatively low points, we may be able to accumulate more Bitcoin at a more favorable price during the next wave of market corrections.
💬 What do you think? Do you think Bitcoin's price rebound yesterday indicates a real rebound? Or is it just a temporary fluctuation? In the current market environment, how will you adjust your trading strategy? Share your views in the comment area!
