Yesterday's market was like a roller coaster, with sharp rises and falls. The main force's routine is too deep. It is definitely not that simple. It is too easy for Bitcoin to rise directly. It is very likely that falling first and then rising is the correct script. ​​​The recent increase in capital inflows in the Bitcoin market shows that investors are still interested in Bitcoin. The participation of institutional investors is also gradually increasing, which provides certain support for the price of Bitcoin.

In the long run, Bitcoin is still in a bullish trend. The previous upward trend has laid a certain bullish foundation for the market, and it is currently in a staged adjustment or relay form during the upward process. The long-term upward trend line has played a certain supporting role in the price. If the price can remain above the trend line, the expectation of long-term rise still exists.

From the perspective of 1-hour technical indicators, MACD is close to the top axis at the current position, which shows that the market is in a more tangled state in the short term, and the momentum for both rising and falling is not particularly strong. But the overall trend is still dominated by bulls. The callback is just to better absorb funds and prepare for the impact of the new high of 65,000. Therefore, the idea of ​​the day, the callback is an opportunity to go long.