The 58,000 pressure level and 53,000 support level given yesterday, fell directly by 5,000 points today, and the 53,000 position was almost triggered. The short orders that followed this wave made a lot of money. Even if you didn't short, our views can help you reduce losses significantly. Now the cottage industry is bleeding, and the overall panic level has exceeded the bottom of the bear market.

Don't guess the bottom easily at the current position. The German police's BTC selling level is currently only 10,000, with hundreds and thousands each time, and more than 40,000 are waiting to be sold. Mentougou still has 140,000 BTC in hand, and it is currently transferred in batches and sold irregularly. These are all a sword hanging over the head of the currency circle.

Tonight's analysis will be released after the non-agricultural data. The unemployment rate is 4.1%, and the non-agricultural data is 20.6. The result is neutral and has little impact on the market. The current Mentougou impact is far greater than the Fed's interest rate cut expectations. Remember the continuity of the market, and remember that there is no fall Before the ground, it was mainly short.

The advice I can give you now is that there is no risk of liquidation in the spot market. If you want to buy the bottom, you can wait until it is below 52,000, and then go with the trend to do contracts after the market picks up. If the second phase of Mentougou compensation begins, the news will definitely continue to fall. If you don’t understand how much selling pressure there is, refer to the last Grayscale market crash.

It has no great effect in the short term technology. It is relatively important to look at the distribution of chips in the market crash. The liquidation chart is below 52,000 to complete the large-scale liquidation of long orders. 51,500 is the price in the period with the highest trading volume after consolidation. There are a lot of chips in the middle, and the previous low can also be completed.

For intraday operations, it is recommended to refer to the 56,000 pressure level. This is also the position of the support and resistance conversion. The short-term support level can be placed at 52,500 and 50,000. It is still the same view. Before the implementation of things like Germany, miners, the United States, and Mentougou, long orders can only be short-term small rebounds. The main direction is short