Bitcoin surged higher again last night, and the structure of the 1h rise (62190-71800) was very complete! ! !

At present, looking at the same level of decline, we cannot go long for the time being!

The subsequent development of the trend depends on the strength of this decline. Normally, a running center will be formed and then reach a high point.

If the trend is very weak, it will fall a lot and the rebound will not be able to break higher.

The final good opportunity to go long still needs to wait for a high-level retracement. As mentioned before, time is not yet up.