Good afternoon everyone, this is Haige's Bitcoin Wealth Channel. It's been a long time since we talked about the market trend. Many people have been asking where my articles are updated, and currently they are mainly first released on Weibo.

Returning to the market, when the price of Bitcoin started to retrace from 70,000, many people in the group were asking how much this retracement could reach. I have emphasized to those who have privately chatted with me that I see the retracement this time reaching $60,000. So, based on the current market situation, the lowest point seems to be around $60,500, which overall matches my expectations.

After Bitcoin's weekly chart bottomed out, the price quickly rebounded to around 65,000, so the mainstream market does not want the price to fall below 60,000, at least not in the short term. Therefore, there is no need to worry too much about entering the spot market at around 60,000. As for the current difficulty in operation, it is in the futures market, because the trend on the daily chart shows a bullish trend, but after a slow rise in price, there is a rapid decline to fill the gap. This short-term trend is not what a bull market should have. Instead, it seems to be premeditated and deliberate to induce most people to ambush long positions. So, to sum up, long positions can be ambushed, and friends with leverage below 50 times should be vigilant and not careless. This time, it may be the low-leverage contracts that suffer.

Well, that's all for today. I will continue to update in the future. Your likes are the greatest support for Haige. Click to support and make a fortune!

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[The above content is exclusively created by (Zongheng Bi Hai). It involves short-term research on BTC, ETH, DOT, XRP, EOS, etc., self-created moving average tactics, unique KDJ, CCI hourly analysis and interpretation, solid theoretical foundation and practical experience, adept at technical and fundamental analysis, focusing on capital management and risk control, with a steady and decisive operating style. The analysis and strategies are for reference only. Please bear the risks on your own. The publication of the article may have delayed strategies and does not have timeliness. The above analysis represents the author's personal views and does not constitute specific operational advice. Any operation based on this is at your own risk. Investment is risky, so be cautious when entering the market. Follow Haige's real-time strategy for specific operations. Meeting is fate, and Haige is a person who believes in fate!]

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