The current biggest pressure of Bitcoin is in the range of 60900-61200. If it still can't break through here, it's over. So even if you lose money by shorting at this position, you won't lose much. The stop loss of shorting at the pressure level is very small.
The support of Bitcoin is currently in the range of 57300-56000, which is the last hope of bulls. Normally, it will rebound quickly in this range. If there is no rapid rebound, it must at least hold up for 4 hours.
Key points: pressure 60900-61200, support 57300-56000.
Deep extension: For example, if the pressure level breaks through strongly and stands firm (61200), then it will reverse and continue to rise. Therefore, if you chase the breakthrough without watching the market, the result is often unsatisfactory. Therefore, the general pending order belongs to the left side transaction. The advantage is that it can occupy a good position to quickly obtain profit. In extreme cases, it will directly hit the stop loss. Anyway, both the left and the right have advantages and disadvantages. For example, in the recent volatile market, I have seen many people chasing the breakthrough stand on the top of the mountain, and then it is very uncomfortable. #BTC
