Daily Market Analysis — BTC The recent market has seen significant drops. Whether it's BTC or ETH, we've managed to achieve varying degrees of profit, fulfilling our promise that even in a bear market, bulls can still make money. Looking at the 12H to daily chart trends, after consecutive drops, the bearish momentum will definitely ease. However, the price has now entered a new downward range. We can only wait for the market to form a new consolidation or hit new lows before taking further action. From the 1H to 4H chart trends, the overall movement remains on the bearish side. After reaching yesterday's support level, the price saw an oversold rebound. The high point of this rebound can preliminarily be set around 66710. For yesterday's positions, holding at 63760 and taking profits is a good strategy. Short-term resistance: 66710~67820 Second resistance: 69988~71250 (not recommended for trading) Short-term support: 61520~60260 (monitor for slow drops, quick in and out) Second support: 58946~55924 (1:2 ratio orders can be placed) Lucky order: 46372~42020 (this range can be set for long-term spot orders) BTC