What kind of mindset determines what kind of results, what kind of results determine what kind of quality. First set the trend, then follow the trend. When the trend breaks, timely "change the trend." With both advance and retreat, one can navigate with ease.

Yesterday, the South Korean stock market's sharp sell-off has evolved into a storm sweeping the global semiconductor sector. This wave of selling was directly triggered by a series of negative news resonances. The cryptocurrency market was also severely impacted.

The price of Bitcoin directly broke through the 62,000 mark, then rebounded to the 63,000 position after overnight trading. So, whether the current bottom can support the price from continuing to fall further remains to be seen. During the day, close attention should be paid to whether the bottom at 61,800 holds; if so, the price will likely return to previous highs. Conversely, it may continue to break down and test lower levels. However, I do not have high expectations for continued decline. The lowest point this year is around 59,000, and there isn't much space below, rather I am more optimistic about a rebound after a pullback.

The four-hour K-line has touched the bottom and has formed multiple lower shadows, indicating that the volume at the bottom is gradually weakening. In this wave of decline, the bottom has formed a solid upward bar, running within the channel on a pullback, and the indicators are starting to decrease in volume. Though the rebound space is not too large right now, as long as the volume of solid bars starts to increase, the price's rise will be a qualitative leap. I suggest continuing to take long positions with a slight intraday pullback.

It is recommended to look for buying opportunities in the 62,500-62,000 area, targeting around 64,500, with further breakthroughs looking towards the 65,200 mark.

Follow the public account, only Jiang Wei can solve worries. A treasure analysis blogger with full emotional value, offering free trading education, bringing stability and clear guidance in the restless trading market, traversing three cycles of bull and bear markets with years of practical trading experience, skilled in naked K, trend analysis, Dow theory, Gann, harmonic patterns, Chan theory, wave theory, and other technical analyses, combining into unique insights.

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