Last night, it was mentioned that the next support for Bitcoin after it fell below the 60200 support area is the daily support level of 57200-57700. This morning, Bitcoin plunged down to around 59000. The current rebound is just a rebound after oversold and the momentum is insufficient. Bitcoin fell from 64000 to 59000. All along the way, there were big negative lines, and the bulls were always beaten by the bears. I believe we will soon see Bitcoin below 58000.

1. The current price of Bitcoin is around 60600. Go long now. The profit space is limited. There are resistances above.

2. For short orders, we can go short with a small position in the 61200-61500 range (2%).

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