Last night, the U.S. stock market opened high and fell low, with the price of Bitcoin attempting to rise several times but failing to break through effectively, instead coming under pressure and falling back. The price directly dropped after the U.S. stock market, reaching a low of around 60700, but fortunately, it did not continue to decline. Therefore, today we can use the 60700 mark as current support; as long as it does not fall below this during the day, the price will likely rise again.

On the four-hour level, the Bollinger Bands show an opening upward squeeze, indicating that price fluctuations are not likely to develop into a large one-sided movement in the short term. The K-line is currently operating in the middle-lower track area, and we can consider the lower track as current support. We should look for bullish signals on any pullbacks.

On the daily level, the position remains fluctuating. After a large bullish candle, three smaller bearish candles have returned to the position; however, the MACD indicator shows a reduction in bearish momentum, so the overall direction still indicates a bullish pattern when retracing.

The intraday strategy can maintain a bullish outlook in the 60700-60900 range, targeting to gradually look toward the 64000 mark; the levels are for reference only.

Follow the public account, how to alleviate worries, only Jiang Wei, a treasure analysis blogger filled with emotional value, shares trading education for free, bringing stability and clear guidance in the restless trading market, traversing through three cycles of bull and bear markets and years of practical trading experience, specializing in naked K, trends, Dow Theory, Gann, harmonic analysis, Chen Theory, wave theory, and other technical analyses, consolidating into unique personal insights.

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