$BTC
Last week, Bitcoin managed to stabilize above the bull support line, which undoubtedly brought a ray of hope to the market. Unfortunately, however, this upward momentum did not continue. Just last night, we saw Bitcoin rebound briefly, but it still failed to break through the key resistance level of $62,000.
So, what will the future trend of Bitcoin be?
The future direction will depend on whether Bitcoin can stabilize above the bull support line and break through the key level of $70,000. If this goal is achieved, it may ignite a radical bull market!
However, from a short-term strategy perspective, market big players seem to be quietly cultivating retail investors' short-selling sentiment and strategies.
This week's weekly close will be particularly critical, especially after Bitcoin rebounded to $61,000, and some investors may choose to chase the high and enter the market
