The bulls of the weekly line change are still not optimistic. After the rebound failed, the decline intensified in the evening. The price of Bitcoin fell below the white plate low of 59,800. The Fibonacci 0.5 support lost its effectiveness and the short-term long orders were swept out.

Pay attention to the next support level in the second half of the night. The big cake Fibonacci 0.618 (58,900) and the previous Fibonacci 0.5 support of Ethereum (2810) continue to look for rebound opportunities.

The decline defense is about 2%. If it falls further by more than 2%, it means that the decline is uncontrollable and it should be withdrawn in time. The rebound opportunity above is still focused on the 61,500-62,000 range. The initial focus of the Ethereum rebound is 2,950-3,000.