$BTC There is no upward force. After reaching the highest of 59400 on Saturday and Sunday, it began to fall all the way. It took two days on Saturday and Sunday to break through the position of 57700.
Retail investors' confidence in the market gradually changed from bullish to bearish. Within 24 hours, large investors bought long positions at 57100 and 28.8 million long positions were liquidated, which is a relatively large long liquidation amount since this time. Judging from the current situation, it is certain that this long position must be cleared before a rebound.
$BTC The closings of the daily, weekly and monthly lines are not very good, all of them are in a downward trend. The more important support of the daily line is at 51460. Whether this month can be better depends on whether 51460 breaks. If it does not break, at least this month it can fluctuate widely in a very large range (51460-59800)
If it falls below, it will look for lower support downward. No matter what kind of market this month is worth being cautious about, I will also change my personal strategy. It is more suitable for the current market to run after you get it. The most important thing this month is the interest rate hike in the middle of the month.
