BTC reached support???

Yesterday's trend showed a fluctuating upward movement, with an overall range increase of around 2000 points until midnight, though interim pullbacks were strong at 1000 points in just minutes. Both long and short positions were profitable by capitalizing on range trading profits. From the hourly chart, it appears only a short-term fluctuation adjustment is completed, with the key level to watch at 58600 as the reversal pivot point.

Avoid chasing long positions for now due to volume and moving average weakness, indicating significant resistance above. Trading suggestions include shorting around 58300 with targets at 57350/56850 and a 600-point stop loss, then seeking low-level long positions for a thousand-point rebound.

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