In the evening, we gave Bitcoin a recommendation of 57,500. The market rebounded slightly beyond expectations, but it was not a big problem. The trend was still dominated by a downward structure. The price of the currency rebounded in the afternoon. Although it seemed to be strong, the market failed to break through yesterday's high of 58,400 and fell under pressure! The structure is still weak, and the price ratio has been unable to break through the upper pressure, so there is an expectation of another retracement in the short term.

At present, the Bitcoin market has tested the upper pressure for the second time, so the focus is still what we said in the previous article. Before the price ratio does not stand firmly above the 61,500 line, the market structure still maintains a downward trend. Judging from the current trend, the short-term pressure of yesterday's high of 58,500 is still effective. There is no problem in shorting at this position. At night, we need to focus on the 54,500-55,000 line. If it breaks, it is possible to test the support of 53,000 again. Therefore, the bearish idea will continue to remain unchanged at night!

Those who entered the short position above 57500 in the evening can continue to hold it. If the price rebounds again in the evening, those who did not enter can refer to this position to continue to follow up, and look at 56300, 55800, and 55000. The short position above 3050 of Ethereum can also continue to be held, and the 2950 and 2880 lines can be paid attention to below.

It is unlikely to break up or down in the short term. Look for a retracement in the evening, stop and make a short arrangement. Pay attention to the real-time strategy update!