Bitcoin market analysis:
The BTC price remains around $60,900, and the market is still gathering momentum, with no direction decided yet.
Powell’s speech tonight may help boost the market, so please pay attention to market fluctuations at 8 p.m. tonight.
So today at the hourly level we are still in the channel. At present, the support below is still relatively strong. As long as the channel is not broken, you can try to long.
An arc bottom structure may be constructed at the 4-hour level, so the hourly support at 60,000 will give bulls a chance to push for an upward trend.
However, you need to pay attention when long. The short positions at 62k63k have a liquidation strength of nearly 700 million. If the liquidation is completed but there is no large fund to continue to push, a false breakthrough occurs and you need to leave the market in time.
Especially if 2b behavior appears after breaking through the previous high, the market may turn from bullish to bearish. When the channel breaks down, you need to pay attention to the risk of falling.
Therefore, long and short operations need to be adjusted continuously. When opportunities arise, both long and short positions have the opportunity to participate. Ahan VX: ZJ0306120. Anyone who has any questions about the recent market can consult.
