7.30 Morning Thoughts
Currently, the price of Bitcoin is around $66,500. It hit $70,081 yesterday, showing strong but confusing performance.
From the technical analysis, Bitcoin may have two trends. The originally expected yellow route is to step back twice and then rise; the other possible red route is to break through and stand firm, and take a new upward route. It is now judged to be a false breakthrough, and it is expected to continue to fall. Short orders should be held to at least around $64,000. Wave division shows that wave C may be completed at $64,000 or $61,000-60,000, and may continue to rise afterwards.
Operational Thoughts:
Bitcoin: 67200-67500, 箜, target at 64000;
Demeanor: 3350-3370, directly 箜, target at 3200.
