Bitcoin has been trading sideways near $65,000 for four consecutive days. The market has different views on the next trend: is it a precursor to a big drop or a signal of bottoming out?

At present, Bitcoin has temporarily stopped falling at the support level of $65,000, while altcoins have experienced a significant oversold rebound. It is expected that market volatility may gradually decrease in the future, and it is more likely to enter the bottoming stage. The daily chart in recent days shows a small K-line with relatively small fluctuations, which is of little reference value. On the second day after the large K-line appears, the market usually has signs of reverse repair, such as sideways consolidation after a large positive line or a rebound after a large negative line.

The last batch of institutional entry costs are about $60,000 or more, so if the price falls further, it may attract more bottom-fishing funds to enter the market.

In terms of operational suggestions, attention should be paid to the opportunities brought by the daily negative line, and at the same time, in the bottoming stage, attention should be paid to the buying point after BTC stands on the 5-day moving average of the daily level, which may indicate the arrival of a wave of pull-up in the future. The short-term pressure level is expected to be between $66,490 and $67,100, and the short-term support level is between $64,780 and $63,850.

For altcoins, UNFI has maintained a bullish trend since the bottom of the daily line was formed. Short-term operators can take advantage of Bitcoin's intraday rhythm and give priority to strong currencies. In addition, new currencies such as OM and ACH that appeared yesterday are also worth paying attention to. It is recommended to closely observe the Binance gain list. #币安合约锦标赛 #币安HODLer空投