Having experienced two cycles of Bitcoin bull and bear markets, this is the third round. The true bottom of Bitcoin hasn't arrived yet. A real bottom almost makes you desperate, with daily fluctuations of less than 1-2%! This rebound is only a technical bounce from oversold conditions. The daily MA55 is a strong resistance level around 74,000, and the weekly strong resistance is at 79,000. Reaching either will lead to pullbacks for further bottom exploration! (Verify whether 59,000 is a support level) Intraday rebound in the 71,600-72,200 range, with short positions entering on opportune moments. Next week is still a pullback trajectory! The support level I can identify is below 57,000!

BTC1.89%
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