[BTC has not reached the bottom yet, be cautious] 🔥
Technical aspect: Bitcoin price has fallen sharply, and copycat varieties have generally plummeted. External news: Many governments continue to sell Bitcoin. Mentougou Mt.Gox wallet transferred 47,228 BTC, equivalent to US$2.7 billion, which further exacerbated the instability of the market, which indicates large fluctuations. Reviewing this week's market analysis, we have always reminded everyone not to buy the bottom before Bitcoin has a stop-fall signal, and reduce operations as the main focus. From a technical point of view, Bitcoin still has no stop-fall signal. The 57,000 support mentioned yesterday still broke. From a structural point of view, once the previous low of 56,600 is broken, look at 55,000 below, and then the central support near 52,000.
