Continue to wait for the best entry point for Bitcoin's rebound!

Although yesterday the rebound high of Bitcoin was above the March 23 high, it quickly fell back, and the trading volume of the rebound yesterday was relatively small, indicating that there was no major participation, so this rebound is relatively weak and lacks sustainability.

In addition, the S&P futures have not effectively returned above the support level 1 for the past three days, indicating that the buying interest in S&P futures is still relatively weak, and it is highly likely to continue to test lower, testing the March 23 low, or even testing support level 2. In this situation, Bitcoin will also follow the downward trend.

So my view is that the major players may let Bitcoin break below the March 22 low to gather a large amount of liquidity in the 66700-67300 range, but Bitcoin is unlikely to effectively break below the rebound support line.

If this situation occurs, it will be the best entry point for Bitcoin's rebound market.

The above analysis is for reference only and does not constitute investment advice!