Yesterday afternoon and evening, the spot market crashed fiercely.
The volatility of bitcoin is very suitable for the band. The bitcoin bought at 56,000 was sold and bought back at 55,000, which was a band of 2,000 dollars. All of them were real transactions.
But the price did not reach a new low, and the CVD diverged. A large number of selling orders were taken up. The price position is above 56,600.
The impact of the German government's sale of BTC will become smaller and smaller. It has fallen from 72,000 and has fallen by 15,000 dollars, a 25% drop. Now it is a decline to shock. If 53,000 is the lowest point, the bottom here must be built around 54-59,000 for more than a month.
Figure 2 What is the second exploration? It means that after the plunge, the rebound is over within 48 hours, and there will be a large number of short-term bottom-fishing sales, resulting in a second retracement.
Generally, the retracement will not exceed the previous low. When the price reached 5.4w in the morning, there was no new low, and Binance spot cvd reached a new low. The passionate sell orders were absorbed by the strong buy orders.
