Yesterday, the pressure level of 58,000 was as low as 57,100, with a profit of 900 points. However, the long and short positions were quickly transformed in the market, so you must stop profit and reduce positions frequently when making orders, and then do rolling positions in the trend market.
Basically, foreign institutions have analyzed that the probability of interest rate cuts in September has reached more than 85%. It can be foreseen that in the upcoming round of water release cycle, liquidity will come to risky assets, and the opportunity in the currency circle has come.
The army of Bitcoin smashers has also been released one after another. Germany has not much to smash. Mentougou is the biggest risk at present. The panic index reached 25 two days ago, which is already a new low in two years.
When you are extremely panicked, you should be greedy. Judging from the Bitcoin ETF, Americans have been bottom-fishing for a week. Large investors are also constantly increasing their holdings, and the chips are gradually concentrated. If you think about these questions clearly, you will know what to do. Batches are currently the best choice.
Looking back at the liquidation map, the upper liquidation position is 59400-60000, and the lower is 55800-56400. The liquidation force at the bottom is still larger. I personally think that these liquidity below must be cleared before there is a possibility of the next wave of rise.
For intraday operations, you must remember to do Ethereum when Ethereum is strong. What is sold is BTC, so it is weak. Choose BTC to short. The support level is 56800-57200, and the pressure level is 59000. The wide range of fluctuations will continue over the weekend.