In the evening, the space for Bitcoin to rise is not large, and there is a partial decline after some rise. In the evening, I also remind you to consider and remind everyone to take half of the profits in advance for your consideration. At the current pace, it seems to be a back and forth movement, washing out a group of people with weak willpower. It's easy to get trapped in a situation like yesterday, where many people rush to chase after the rapid rise and fall. What we need to do is to prepare in advance for Bitcoin to break out. The intraday trend remains unchanged. In the morning, the position is neither up nor down, and those who didn't get on the bus yesterday can wait and make arrangements.

From a technical analysis perspective, looking at the hourly chart, it is currently a simple box pattern, with short-term back and forth struggles. There is no good continuation in either direction, but as long as you grasp the timing to enter based on the overall trend, there shouldn't be a big problem. On the four-hour chart, yesterday basically hovered between the lower Bollinger Band and the moving average, and the decreasing volume of the MA control column also laid the groundwork for the subsequent upward trend. In terms of layout, the price may still need to reach around 58500. We also caught a few waves at this level yesterday. Just keep pushing today!

Bitcoin trading suggestion: Go long near 58500

Target: Short-term breakthrough of 60000, 63000

Specific operations should be based on real-time market data. For more information, you can consult the author. The article is published with a delay, and it is recommended for reference only. All risks are at your own.

In the market, there are many imitators, but few admirers. The easy path is downhill, and it seems that the easy market is a decline. Walking without an umbrella next to someone with an umbrella, no matter how close you are, you can't escape the rain, and you end up getting wetter. It's better to be carefree. Excessive worries will only make your trading worse. Don't let yourself become confused by worries and uncertainties. What you need to do is to unconditionally believe and strictly execute your decisions.

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