The trend of Bitcoin is like riding a roller coaster. The main feature is the shock and decline. At the early morning, the volume dropped directly like a waterfall. Now, it is almost at the position of 60,300. The A-share market was so hot before, but it was caught off guard by the sell-off and kept falling. In addition, the US dollar index also joined in the fun and pulled back. The double pressure made the market more and more turbulent.
From the short-term point of view, the signal of adjustment is obvious. It feels that the support level of 60,000 will be tested again. However, this position held last week. I estimate that it will most likely hold this time. Don't panic, everyone. Our bull market is not over yet!
On Thursday, if Bitcoin pulls back to the range of 60,200 to 60,000, it will be a good opportunity. Go long quickly and set the target at 61,500 to 62,200!
As for Ethereum, if it pulls back to the range of 2350 to 2330, don't hesitate, just go long, the target is 2420 to 2450!