Bitcoin also broke down during the day
Set a new bottom since March
The market broke through multiple short-term support points during the day and directly touched 53480. The current sentiment has slightly warmed up, and the trend rebounded from 53480 to 57000.
From the hourly chart, the market has reversed. The upper pressure is relatively strong. The RSI value is close to the oversold area, but it has not entered the extreme oversold state. The daily line is very different. The short-term and medium-term EMA moving averages are short and may continue to fall. The focus will be on the breakthrough of 58800 above. If the rebound does not break through the resistance area of 57800 and 58800 in the end, it means that the price will be adjusted downward again. Perhaps the short-term market will enter consolidation at the weekend. The overall idea is to maintain high altitude.
Focus on 57800 above, then look at the 58800 area, and pay attention to the 53500 position below.
The upper pressure of short orders focuses on the 57800 key position. The rebound at 57400-57800 provides an opportunity for short orders to enter the market. The defense is 59000 to cover the position, the stop loss is 59300, and the take profit is in the 56000-55500 area. If 55500 breaks, you can continue to hold.
There is a delay in sending the article. The market changes rapidly. No matter how high your judgment of the market is, you must take the take profit and stop loss well and put the profit in the bag$BTC $ETH $SOL
