The position of Bitcoin 64000 is very important. It started three phased plunges here. The lowest price was 56550 on May 1, 60100 on May 11, and 53500 on July 5.

The recovery here is the focus now. The 4-hour RSI has reached the oversold zone and may usher in a small adjustment. If it continues to recover strongly, it will form a strong support.

Don't actively chase it here. Wait for the callback below 62500 to re-attack and then enter the market. If it can stand firm at 64000, it will form the third round of daily level rise.

#BTC