Bitcoin dropped from around 98,000 to around 59,800, then rebounded to around 71,700. The continuous collapse caused a sharp decline of over 30,000 points, and the rebound nearly 12,000 points. The overall trend remains bearish and weak.

59,800 may become a short-term bottom, as this wave of rebound reversed overnight. As for whether it can form a medium- to long-term bottom, at least it needs to effectively hold above 80,000, so we will not make a judgment on this for now, because many people are uncertain and cannot hold steady.
Additionally, there are many variables recently. Next week will see the release of "Non-Farm Payrolls" and "CPI" inflation data. Whether the market reacts positively or negatively, we need to wait and observe.
Lately, "liquidity" has become more active, with market fluctuations around 2,000 points up and down. Therefore, we try to seize every short-term opportunity within the day. If your holdings permit, medium-term operations can also be entered in real-time.
From today’s weekend to early tomorrow, focus on the resistance between 67,000 and 71,000. Before that, short-term trading is still oscillating around 70,000.
Please note that the market is still adjusting, and investment should be cautious. #当前行情抄底还是观望？ $BTC