The short-term support of the big cake is $59,800-61,800, and the short-term pressure is $64,800-65,800. The US Bitcoin spot ETF sold 7,690 BTC in the past week; according to other news, Bitcoin miners have sold more than 30,000 BTC since June, equivalent to about $2 billion. It is also reported that the US government has 217,400 Bitcoins and 53,900 Ethereums, which may all be short-selling bullets. The short-term big cake has pierced the key support of $63,000 in the plate. If it cannot be effectively recovered, Leng Feng believes that it may go out of the second mode. If you buy again, you have to wait for its dynamic bottom to appear. From the weekly structure, the support of the big cake is around $60,000 and the other is around $58,000. Moreover, the weekly MACD continues to cross and decline. Unless there is a positive warning or a needle to test the bottom, the decline will continue.