Market Outlook

Bitcoin approaches the 64,700 support level, which could be a potential long entry point.
After consolidating between 69,000-70,000, Bitcoin has chosen to move downward. Currently, it is roughly following the line we drew.
A short-term rebound is expected after a low of around 65,800.
I believe there might still be a drop to 64,700 and below.
The specific buy zone below should be between 64,700 and 62,700.
The major support below is the bottom range of 57,000-40,000. I still believe it’s not likely to reach that level so quickly (otherwise, I wouldn’t know how to script the next move).
Therefore, backing by 60,000 to go long is still a viable consideration.
For the long term, I believe the 57,000-40,000 range is a must-visit, so 60,000 is not the lowest point of this bear market.
If you do not participate in short-term/mid-term trading, you can also wait for the long-term buy zones.
Additionally, we can see that SOL has once again fallen below 80. If it cannot stabilize above 80, I also think a final drop to 50 is highly probable.
This does not necessarily mean I will short SOL; rather, if it can reach around 50, I would consider accumulating spot holdings.
This article is sponsored by #BCGAME｜@bcgame @bcgamecoin