【Bitcoin Market Analysis at Night 5-11 18:56 $BTC 】
Good evening everyone. You can see that Bitcoin's market today has been oscillating for a day, and it is difficult to short. However, from a technical perspective, Bitcoin has a bigger trend of going short. If Bitcoin leaves this oscillation zone, it will go short. The support level of the oscillation zone is: 60412.2. If the real K-line falls below this position, the market will go short to the first target: around 60259. After reaching this position, it will go sideways and oscillate first. If the oscillation ends and there is no rebound, it will continue to fall towards the second target: around 59100. So you can pay attention to these two target positions to reduce or close positions (depending on the market at the time, it is generally to reduce positions).
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