$BTC short, the target is 59000, if it falls below, it may go to a lower point.

It may fall further in the short term (1-2 weeks).

The geopolitical situation has not yet reached the most tense time: the current global situation, especially in the Middle East, may cause major events at any time. Iran may take action, and Hezbollah in Lebanon is also looking for opportunities to attack Israel. In addition, the new hard-line leader of Hamas, Sinwar, came to power, and the situation became more tense. In this case, BTC, as a risky asset, is unlikely to rebound quickly in the short term, and may fall again due to major conflicts.

Japan's interest rate hike has weakened BTC buying: In the past, Japan's low interest rates allowed many people to borrow money to buy BTC and other high-yield assets, but now that interest rates have been raised, this operation has become uneconomical, resulting in a weakening of buying power. It is estimated that BTC will fluctuate back and forth in the range of 59500-62000 during the weekends. Short-term operations can be flexibly dealt with within this range by selling high and buying low.