Still thinking about entering the market at a lower point?
It’s too late. 55600 has already formed the bottom. BTC has diverged three times in four hours and broken new lows step by step. At 55600, the current support has been successfully verified. Now it has rebounded to around 58500. A lot of people have started to run in and start shorting. The current funding rate has become negative. Everyone knows that 57500 is an important support level. Today it has become a pressure level, but it was easily broken by the bulls. Then the trend is very clear. Even if it is not the bottom yet, it should have a good rebound like the last 56000.
Last time, Bitcoin fell to 56,000 and rebounded to nearly 90,000 points. So this time it fell back to around 55,600, and at least it should see a rebound of 5,000 points. Then it is very irrational to still short at 58,500. The bulls below have basically been liquidated. How can it fall? At present, the four-hour indicator of Bitcoin has diverged three times in a row. As the saying goes, three things never happen. This wave is bound to rise, and at least it must see around 60,300.
The current price of Bitcoin is around 57,680. Go long boldly with a risk control of 600 points. The target remains above 60,000.
The current price of Ethereum is around 2,445. It fell back to 2,430. Go long boldly with a risk control of 50 points. It is currently 2,550.