#XAI #六月行情震荡不休，七月BTC走势怎么看？ 7 March 3rd

Bitcoin's natural rebound has encountered resistance, with demand not following, and there is still supply in the market. The market needs to test the second bottom in the future. Recently, Bitcoin has been relatively weak during the US trading session, and the market supply comes from the Western market. This part of the supply needs to be completely digested. A strong test of the second bottom needs support at 60,000, while a weaker test needs to be above 58,000. This range can confirm the formation of the second bottom, with strong support above 56,000 and structural support. The larger timeframe is still in a relay state, and there is no problem with the trend. Only by completely digesting the supply within this range can the price of the currency start a new pump.
The weekly chart is currently not in good shape, with the risk of missing bottom support. The desired pattern is a contraction in volume and minimal fluctuations on the weekly chart, which is not happening yet. Continue to hold positions, as the current market is not considered bearish.
The above is for sharing only, for reference only, and does not constitute investment advice!
Wishing my old friends to make big money in the new cycle!