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2.25 BTC Morning Market Analysis
Bitcoin, as we expected yesterday, retraced after reaching around 63,000 and then rebounded. However, the rebound momentum is limited. As long as the current level does not break below 62,900 on the daily chart, it will form a double bottom. At the same time, this level is likely to maintain a sideways consolidation. Therefore, in the short term, there is a rebound demand at this level. Currently, attention should be paid to whether the 12-hour timeframe can form a divergence to drive the bullish momentum on the 4-hour and hourly charts.
In summary, today’s market is expected to remain volatile. To see a stronger upward move, watch whether the 66,200 level can be broken. A slight rebound is possible if the price stays above 62,900 and does not break downward.
Support: 62,900 - 60,000
Resistance: 66,100 - 68,200
#比特币行情分析