The weekly support of Bitcoin is around 57,800. As long as it does not fall below 57,800, it will still be a weekly oscillation range, so don't worry.

You can find an opportunity to enter the market with long orders.

B. If Bitcoin falls below the 57,500-57,800 range this week, you must be careful and short-term orders must leave the market, because this will form a large-scale decline.

The monthly line closes with a negative K and the weekly line closes with a negative K. Then it is very likely to go to the 48,000-50,000 range to test the support of 50,000 for the second time.

In summary: If it falls below 57,800 this week, it will fall sharply. The first support is above 55,000 and the second support is above 51,000.

If it does not fall below, it will still be a grinding plate oscillation pattern, and it can still be bullish and find an opportunity to enter the market.