Now, there is no doubt that $70,000 has become the strongest pressure level, and $55,000 has become the strongest support level. Currently, it has failed to rush up to $70,000 three times and failed to fall to $55,000 twice. It is currently the third fall.

Then this wide range of shocks is what we need to focus on. The strength of the bulls and bears in it determines the subsequent direction.

There are three rises in it. The first rise was a large volume rise; the second wave of rising K-line was a pin-up, and the third rise was a rapid rise to $70,000 after breaking the previous low. From these three rises, it can be seen that the bulls have the ability to hold $55,000.

Let's take a look at the two waves of decline. The first wave of decline was a difficult decline, and the support level was broken by the pin; the second wave of decline broke the previous low and went to $53,000, falling below the key position. It was thought that it would continue to fall, but it was strongly counterattacked by the bulls, indicating that the energy accumulated by the air force is still a little short.

Now It is the third wave of decline, and the price has also reached around 60,000 US dollars. This position is the same as the previous rise to 70,000 US dollars, which is already a support level.

This position is very interesting. The previous big positive line rose from 60,000 US dollars to 70,000 US dollars. I thought it would rise further, but it fell, and it fell directly to 60,000 US dollars. Now everyone thinks it will fall again. Everyone’s emotions have been completely driven by the market.

I believe that history will not be exactly the same, but it will be surprisingly similar. Extreme panic will give birth to negative and positive.

The market has been overwhelmed by the big drop and bad news. People who can calm down, or those who look at the bulls, have been scolded by people around them; these are all normal, and you must overcome them yourself. If you step over it, you can accumulate a chance of winning in this complicated currency circle.

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