The current market circulation is low, and the current market demand and trading volume are very large. The reduction in circulation also has a great impact on the resistance to the rise of market transactions.

BTC has recently brought huge upward pressure to the market due to the unlocking of compensation for the Mentougou incident. The nearly 10 billion market value of BTC will be circulated in the market, which is a blow to most short-term traders, but it is a time to increase positions for long-term traders. Therefore, the Mentougou time point is a two-sided news, but for traders with different strategies.

$BTC The position that should be paid attention to is the midline of the current downward channel at $63,300 and the lower track trend line at $57,500, but in my opinion, there is a high probability that there will be a callback in the midline range of $63,300 to $61,500. This position is a point worth paying attention to when it falls.