Although I knew there would be adjustments and I knew it would fall, I didn't expect it to fall so much. I can only comfort myself and wait patiently for the convergence of the three lines in the middle of the month. The more thorough the wash, the stronger the outbreak. I firmly believe that the bull market will come.
Back to the market:
1. BTC did not stop falling at 60800, and went straight to the second support of 58700 in the morning. The frequent issuance of new coins emptied the funds in the market, and the lack of star tracks led to the market decline. The mid-term recovery will have to wait until the time window in mid-July, and the bottom characteristics should be paid attention to at that time.
2. After BTC's three consecutive negative lines on the daily line, the short-term has entered an oversold state. The 58000 area can stay for at least three trading days. Even if it breaks down during the day, it will be pulled back, which provides opportunities for short-term traders. In terms of operation, you can look for currencies with larger fluctuations and use the BTC downside opportunity to grab the rebound simultaneously. BTC's short-term pressure level is 60390 ~ 60850, and the short-term support level is 58250 ~ 57520.
3. For the mid-term, it is recommended to wait until the bottom is confirmed before entering the market for layout or changing chips. At present, it is recommended not to buy or sell. If you are itching to play, you can play short-term and do some speculation to see if there is a small opportunity to seize.
