Yesterday's analysis mentioned that the small supports of 60000 and 59200 have rebounded by several hundred points, and there is still some profit space in the short term. Today, it has returned to the low point of the past two months. Now the market is in a weak downward trend.

BTC challenged 63800 and then made a false breakthrough. The large level returned to the downward trend as last time. The weekly and monthly lines are trending downward. The daily line has returned to the downward trend after the false breakthrough of the last trend line.

The long-short ratio has also reached 4:2, and there is little liquidity left below the liquidation chart. The liquidation strength is 1:10. The main reasons for this round are Germany, the United States, absenteeism, and door heads. The selling pressure caused by the superposition of the grooves

In theory, the rise of S&P and Nasdaq and the decline of the US dollar index should be able to drive the rise of the currency circle, which means that this round of decline is intentional. Institutions and dealers want to absorb funds in advance. The premium of BTC is too high, and the interest rate cut node is approaching, so after the drop to a certain extent, pick up Dijia chips

The pressure level during the day can refer to around 58,000. At present, the volume continues to decline, and the strength is still very weak. During the decline, if you pay attention to the continuation trend after the retracement of the large volume K-line entry, the entry position of long orders is recommended to be below 56,000, and the medium-term support is 53,000.