On Tuesday, Bitcoin’s morning operation strategy showed that short sellers have not stopped yet, and the end of the month will lead to eternal night panic!

Regarding today's sharp drop, there are various opinions on the market. Some people say that the market crash was caused by the compensation payment of Mentougou Yu. There are also claims that institutions have continued to outflow of funds to escape high prices. The mainstream is also bleeding like a river of copycats. If there is no good news in the short term The news has reversed the trend, and panic may continue to linger. The daily support has completely fallen, and the space below is bottomless. From a macro-cycle perspective, the area around 54,000 is the critical point for bulls and bears. There will be a rebound now, but it will not be too strong.

In terms of technical structure, it is already an extremely weak form. The lows are gradually moving downwards in a step-like manner, giving the bulls almost no chance to rebound. The short trend is imminent. This extreme trend of continuous decline is really not suitable at this time. Buying the bottom, maybe the bottom you swallowed is only halfway up the mountain, and now it is above the key position of 59,000 again, which is the stopping point of the first major correction of 10,000 points after breaking a new high. This time, you will definitely not be able to hold back, so Any rebound can be regarded as chasing the bottom!

Tuesday morning operation ideas

Bitcoin is short around 60500-61000, look at the 58000 area, look at 56500 if it breaks, and defend 600 points.

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