After the Bitcoin price fell back under pressure near 60,000, the market adjusted around 58,000-59,000 in the afternoon.

The overall market sentiment is still dominated by bulls. We have made some profits from short orders, but Zhiquan expects the market to rebound at this position.

Strategy suggestions

Go long at 58,000, cover long at 57,000, stop loss at 56,500, target 59,000 to 60,000

You can go long and re-arrange short orders

Short at 60,000, cover short at 61,000, stop loss at 61,500, target 59,000 to 58,000

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