BTC

The situation is changing, and it is getting more and more serious. It seems that the dark clouds are pressing down on the top. The solid bottom line of the past has been quietly lost, and investors are shrouded in an indescribable haze.

But for those who have experienced the following events, this small turmoil is a piece of cake:

1. June 2011: Bitcoin plummeted from $32 to $0.01, a drop of 99%.

2. December 2013: Bitcoin plummeted from $1163 to $467, a drop of 55%.

3. December 2018: Bitcoin plummeted from $19890 to $3122, a drop of 84%.

4. March 12, 2020 (March 12 incident): Bitcoin began to fall from $7,300, and plummeted by nearly 24% in just half an hour, and fell by more than 50% in 24 hours. This plunge was called a "black swan" and triggered a major turmoil in the cryptocurrency field.

Bitcoin once again lost its key defense line, and 56,000 points as a strong support is in danger! If this position is broken, the bear market haze may be fully shrouded, pointing directly to the psychological barrier of 45,000 points, and the psychological defense line of miners will also be severely damaged. The current market price is hovering around 57,000, and has quietly slipped below the cost line. The average cost range after halving (55,000-58,000) is also difficult to support. The S19 mining machine has even touched the shutdown warning line, and the situation is grim.

At this moment, patience has become the most valuable asset, waiting for the market to turn around. In view of the recent frequent negative news, short-term operations should be cautious, seize the opportunity of rebound, flexibly adjust positions, and strive to move forward steadily in fluctuations

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