4-15 Bitcoin Analysis:

I mentioned to everyone on Saturday that if the market cannot stabilize at 675, it will continue to decline to obtain new liquidity. Then it also started to collapse at 675 on Saturday night, falling 12 points in an instant, and the copycats have basically fallen. 50% upwards, basically the leverage has been liquidated

At present, it seems that the spot price of the pie has formed a double bottom structure near 608, and the contract has fallen deeper. It once fell below 60,000 US dollars and went straight to 5.90,000 US dollars. So how should Bitcoin operate in the short term now? ?

From the short-term perspective of Figure 1, the resistance at the 645 position of Fibonacci 0.618 has been broken through, but if you want to find an opportunity to enter on the right side, you have to retest the 645 position. If the test is not broken, it is our signal to enter the long order.

From Figure 2, we can see that the mid- to long-term entry opportunity for the pie is the price of 597. Of course, this is just an entry point for long orders when the pie is explored for the second time, but! The 590 position cannot be broken, otherwise you will have to go to the 520 position below to liquidate liquidity #BTC