Bitcoin has been trading sideways at the $65,000 level for four consecutive days, triggering market speculation about a precursor to a crash or a bottom signal.

Bitcoin stalled temporarily at the $65,000 support level, while altcoins experienced a significant oversold rally. As market volatility gradually decreases, it is expected that Bitcoin may be about to enter a bottoming stage. The daily chart of the past few days shows smaller K lines, indicating that the fluctuations are more intermittent, and its reference value is limited. Usually on the day after the big K line appears, the market may undergo a reverse repair: sideways consolidation after the big positive line, or rebound after the big negative line.

The last entry cost for institutions is above US$60,000. If the price continues to fall, it may attract a large amount of bargain-hunting funds.

In terms of operation, we should pay attention to the opportunities brought by the daily negative line, especially during the bottoming stage, and pay attention to the possible buying points after Bitcoin's daily level stands above the 5-day moving average. This may indicate that a wave of rising prices is coming. Short-term pressure is between $66,490 and $67,100, while short-term support is between $64,780 and $63,850.

A similar trend has also appeared in the altcoin market, such as UNFI. Since the bottom of the daily line, it has maintained an online bullish trend and the daily line has steadily pushed up. Short-term investors can take advantage of Bitcoin's intraday rhythm to prioritize currencies with strong performance. New currencies that emerged yesterday, such as OM and ACH, are also worthy of attention. At the same time, you need to pay close attention to the Binance gain list. #币安合约锦标赛 #BTC走势分析