Yesterday, the big cake encountered trend line resistance and failed to break through successfully. Then it continued to decline and fell to around 59400. However, the wash was not thorough enough, so has the decline ended?

Last night's decline was close to 59000, but it did not fall below the previous low, so the liquidity acquisition could not be confirmed. There are two possibilities: one is that it rebounds after falling below 59k, and then it can be considered to go long; the other is that this position is already a low point, just like before above 70,000 US dollars, the market reversed and did not find the previous high, only false breakthrough 71700.

Therefore, if institutional dealers are unwilling to let the market clearly see the entry time, 60500 may become the bottom of this wave of decline.

In a longer time frame, pay attention to the trend lines at the weekly and monthly levels, which is of great guiding significance for judging market trends. Yesterday's price was blocked again at the trend line, further confirming the reliability of its resistance effect. If the price can successfully break through the trend line in the short term, it is expected to trigger a wave of rebound. #

At the same time, it is necessary to pay close attention to the price fluctuations of 59000 to prevent the 2B pin phenomenon. In addition, other technical indicators, such as the moving average system and trading volume, are combined to fully grasp the market dynamics and provide strong support for investment decisions. Before there is an obvious breakthrough signal, maintain a cautious attitude, follow the risk management principles, and patiently wait for the market to move out of space.

The short-term trend direction is open to the entire network every day. If you can't open the Dan well, you can't run the short-term well. Friends who need to understand 🍑~ Welcome to dd coin circle Junyao↑🚗 on Weibo. #BTC🔥🔥🔥🔥🔥🔥