Crypto market analysis 7.08   As expected, Monday's pressure is bad, normal second exploration, etc.

Monday's retracement was not unexpected. After the weekly line recovered, the market bottom did not come out. If you want to confirm the bottom, you may have to observe for more than two days to see if the normal line can be drawn. For the time being, the market is not too good or too bad, but the second exploration will always make the cottage more uncomfortable. Most cottages can't survive the second exploration, and many long-order players will burst.

From the news perspective, Bitcoin continues to flow out of the German government wallet, even on weekends. They did not buy back Bitcoin yesterday; on the contrary, their sell orders were not all executed, so the unsold Bitcoin was returned to their accounts, so there will still be a part of the possible sell orders. The news risk is still not over.

There is a possibility that the bottoming out will end this week, but it is necessary to wait for the second official pull-up, which takes a certain amount of time to wear out. If the previous low of this round is not supported, then there is a high probability that it will continue to test the bottom.

Daily level market

- ​​The daily level is in a large downward trend, with daily level pressure around 57500 and support around 53500.

4-hour level market

The 4-hour level market continues to fall and bottom out, with pressure around 55700 and support around 54200.

Intraday level analysis

-----All intraday market conditions, the weekly line has reached the bottom, and the extreme pin position has reached around 53000, which is basically over, but it is still possible to pass around 55000 again next week. Buy chips but don't rush.

The intraday level continues to bottom out in the early trading and rebounds in a short period of time. Pay attention to whether the pressure around the pressure position of 55700 can be broken through. The control power of the Asian market is always desperate. Don't be too optimistic even if there is a rebound during the day. Steady players are advised to wait and continue to wait.

Spot can safely pass through this difficult moment in the history of encryption, and be calm in the face of things. #BTC走势分析 #德国政府转移比特币