Bitcoin continues to fall, or fall into a second bottom
$BTC 1-hour support level struggles or will fall below
The US ETF has been passed, and a large amount of funds have been injected. The Hong Kong ETF has also been passed, but the funds have not yet come in a large amount. ETFs in other countries will also be passed one after another.
It is expected to repair the previous pullback, but it may start to rise in May and June, and the real outbreak may appear at the end of the year.
Although there is a 100% relatively large pullback during the period, the lower the more you buy, the more you can win. The plunge in the past few days has come back.
At present, Bitcoin is in an upward channel for 1 hour, and the current price is 66395, which is located in the overlapping area of the lower edge of the channel and the resistance level of Bitcoin. If it falls below, it may trigger bearish sentiment.
On the Bitcoin 1-hour chart, trading fluctuations are frequent, indicating that the long and short sides are fiercely competing. However, no new high breakthrough has been seen, and there is bearish demand.
If it continues to fall, it may fall directly to around 63500 (possibly a pin or a big Yin bar) or even lower to 59000-61000 for a second bottom.
The cost price of this institution is about 50,000 to 60,000. You can buy at the bottom here with confidence! !
