Veterans fear volatility, newcomers fear a one-sided market. Beneath every K-line, there are too many unmovable joys and sorrows buried there, and the market is not lacking in brilliance; it's just that sometimes our eyes are fixed on the dark clouds. Still, the same saying holds true: always manage your stop-loss well, and your trading will be safe. If it breaks through, there will be a pullback and a rebound to continue; then be ready to follow the trend, and you won't suffer too severely.

Yesterday, Bitcoin broke a new low, but it did not continue, instead, it tested the bottom overnight and rebounded. The new low does not continue, indicating that the downward volume is weak, a typical trap for shorts, so be cautious of the retracement risk.

The monthly line closed after probing the lower support, and it is certain that a bottom will appear in the short term, including the auxiliary indicator MACD showing bullish volume. In the short term, a pullback looks like a rebound, which is not wrong.

On the four-hour level, the Bollinger Bands are opening downwards. After the K-line pierced the lower band, it quickly formed a lower shadow line and moved upwards, with an overall trend leaning towards a bullish pattern.

For today, it is suggested to look bullish sectionally in the 58500-58200 area, targeting above 60,000. These points are for reference only.

Follow the public account; to relieve worries, you can only rely on Jiang Wei, a treasure analysis blogger with full emotional value, sharing trading education for free, bringing stable power and clear guidance in the restless trading market. With experience through three bull and bear cycles and years of practical trading, adept in naked charts, trends, Dow theory, Gann, harmonics, and wave theory, he gathers personal unique insights.

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