Last night, BTC rebounded quickly after falling, but it is still fluctuating near the original position. The current price fluctuates around 62500 and is in the range of 62328-63260. The lowest price dropped to 62020 and the highest price rebounded to 63118. The overall performance is basically consistent with our expectations over the weekend. It failed to effectively break through the key pressure level of 63260, so it is recommended to reduce positions near this point. If it falls below 62328, you can consider low-long opportunities, and after breaking through 64450, it will be a more appropriate time to enter the market when it falls back again.

Judging from the trend last night, BTC once fell below 62328, giving a short-term long opportunity, but failed to break through the strong resistance zone of 0.786-1. The next trend depends on the actions and strength of the main force this week.

BTC focus:

Support level: 61675/61000/60200/58900

Pressure level: 64450/66550

Key points: 63260 above; 62328/61850 below

Today is Monday, and short-term fluctuations do not represent the overall trend of this week. The real market situation may be revealed when the US stock market opens in the evening. At that time, the Eurasian market will be linked with the US stock market and may usher in a wave of trending market conditions. Especially with major events such as the US election in November and the Fed's interest rate cut approaching, the global market will be affected by these factors. It is expected that the annual level speculation space of the US stock market will reach a climax at the end of the month.

Operational suggestions:

Seize the opportunity of a deep decline or a sharp pin. When it is oversold, it is a good opportunity to enter the spot market. But don't be greedy for intraday trading, it is better to enter and exit quickly!