Bitcoin released a huge amount of sell orders today, and the price quickly dropped to the key support level of 57,800 before rebounding quickly.
Does this rebound mean the end of the downward trend, or will there be a bigger plunge after the rebound?
Personally, I feel that Bitcoin's fall below 60,000 this time is not a short-term fall, but a long-term consolidation and shock below 60,000, and the market will not rebound as quickly as before. This time, Bitcoin will stay in the 50,000 area for a period of time for high-intensity washing. Now Bitcoin has fallen below 60,000 and is around 58,000. There has been no rapid rebound, but it has stabilized and fluctuated around 58,000.
Although Bitcoin may rebound in the early stage of the decline, or even break through 60,000, it will not stabilize above 60,000, but will fluctuate and rebound between 58,000 and 61,000, and then enter the next round of decline.
Next important events to pay attention to:
July 5, 20:30, US June unemployment rate + June non-agricultural data.
The key point is 8:30 pm on the 5th
The news will accelerate the arrival of the later market. Before the market comes out, all directions are just predictions
