BTC had a false breakthrough yesterday and then quickly inserted 54800 to liquidate long funds. The idea was to make a false move to attract liquidity, trigger market sentiment, and then hunt long funds. It is currently running in the hourly tunnel. The first hourly breakthrough failed and is currently trying the second one.

The weekly M top was also officially established and broke. The daily rebound MA200 was blocked and fell back. The overall performance is that the bullish sentiment is not high. We should also pay attention to the position of 58000, which has been repeatedly tested. It can be regarded as a key resistance.

The recent routine is to lure longs and then fall back. Why are there always small rebounds? In fact, it is caused by the sentiment of chasing shorts, but After the short position stops loss, there is no one who continues to push the price up, so the short position has the advantage again, forming a situation of repeated long and short positions.

Unless it is a particularly strong breakthrough, for example, a needle is above 58600, otherwise it is still a shock + false decline. The selling pressure above 58000 at the 4H level is very large. If it is beaten back to the shock range again and the retracement is weak, it means that the bulls are still insufficient and continue to return to the shock main short position.

In terms of operation, the pressure level reference is 58500-59000, and the support is 56000-55500. There are too many uncertain factors in the current position. Be sure to control the risk. The market is still viewed as a wide range of shocks in the short term.