8.30 BTC market latest analysis: The main force of the market fell sharply. Has Bitcoin entered a bear market latent cycle?

The market has fallen sharply recently. The low point confirmed the support position of 58,000 twice, and then rebounded technically. As long as the market cannot stand above 61,600, this rebound can be seen as the subsequent market induces more and then smashes the market. This is also a normal phenomenon. The normal logic trend is repaired, and the high-altitude opportunity is seized. The potential for breaking the neckline is still huge.

From the 4-hour level, the daily line rebounded slightly and immediately a needle came down. Obviously, the bullish momentum is not enough. The high point keeps moving down and repeatedly probes the low position. There is no signal to stop the decline for a long time below. If the strong support of 58,000 below is broken, the market is afraid of falling. The overall trend has not reversed. Wait for the market to rebound and arrange short orders at high positions. The overall trend remains unchanged, and the US dollar has a tendency to strengthen. Don’t look at the market in the short term. The market fluctuates and adjusts around 59,500. This illusion of rising at a low level is the nightmare of bulls!

Suggestions for evening trading: short positions in the 60500-61100 range, target 58500-57000, break below 58000. If you can't understand the market, enter the market randomly and can't grasp the direction, you may find me: ETH9908 can help you solve your problems! #Telegram创始人获保释 #OpenSea收到韦尔斯通知 #新币挖矿DOGS #美联储何时降息？