BTC Rebounds to $68,000

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BTC broke through 61,000 at its lowest yesterday. After a large level of support, it started a strong rebound. Today, it touched as high as above 68,000. The analysis we quoted from the article yesterday was that it stood firm at 63,500 and entered the market with the trend. The highest profit can be more than 4,000 points!

A oscillation is currently forming around 67,000. Grayscale's shipments are still continuing, with another 7,000 outflows in a single day. However, the market has been boosted by the Federal Reserve's expectations of three interest rate cuts this year. The risk market has been boosted. U.S. stocks and gold have risen to varying degrees, and the market has also started a strong rebound.

We also mentioned that the behavior of a single entity like Grayscale can only affect short-term prices. The general trend is still to follow the economic environment. The halving is about to be completed and interest rates will be cut in June. The bull market will not end like this.

The recent market volatility is still very high, and we need to do a good job in risk control at all times. The first thing is to survive, and then to seek development. If there continues to be a sharp decline in the future, it will still be a layout for us while doing a good job in risk control. Opportunity

Today's price rebounded to a maximum of around 68,000 and began to fall back, mainly around 68,600. The early support and resistance exchanged, and there was a large number of hold-ups. If the market is to continue, this part of the chips must be digested. In the current market, we are generally in shock. From a perspective, the range of 63500-68600 fluctuates widely.

On the point, the bottom will focus on 65000. We believe that short-term support is formed near this position. The top will still focus on 68600, which has a relatively large level of resistance. To continue the market, heavy volume is needed to break through this point.

In terms of operation, the overall market fluctuations are still large. Short-term profits should be reduced in time to protect capital. Don't be too pattern-oriented and fluctuate, buy low and sell high. You can try to place multiple orders near 65500-66000, break through the idea, and break through 68600 with heavy volume. You can follow the trend. Chasing long

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