Big surge! 24 hours of crazy pull of 8000 dollars, mainly bursting ten times and above high short orders

From 6 o'clock yesterday to 6 o'clock today, the low point of BTC was 54600 dollars and the high point was 62700 dollars, with a difference of 8000 dollars and a range of 15%. This wave of rapid pull-up is to clear high short orders. The purpose of the dealer is very clear. The sharp drop on Monday cleared more than 3 times the long orders, and the rebound quickly pulled up and cleared the short orders arranged at various pressure points, specifically killing technical analysts.

Overnight, the United States released the unemployment data for the week, which was lower than expected. For this unreliable data, the U.S. stock market seemed to have grabbed a life-saving straw, and seemed to be shouting: employment is still strong and the economy is not in recession (roaring). The market reacted so much to the unemployment data, which shows how sensitive investors are to recession expectations.

Yesterday we arranged short orders near 57500 and 58200, and finally left with a stop loss. If there was no stop loss, we would have almost blown up. This is what I often emphasize. You must bring a stop loss when doing leverage. It can save your life at a critical moment. It is not recommended that you play 10 times or more contracts. The market fluctuates so much that 2 times and spot are enough for you to play.

Back to today's analysis: From the K-line, the 1-hour level is in a correction, the 4-hour and 12-hour are in an upward trend, and the daily line enters an upward trend today. The operation suggestion is to go long on the correction, and it is not recommended to go short unless the 12-hour level enters a downward trend. The intraday pressure level is 63000, and the support level is 59300.