Monday: Bitcoin bearish trend is so strong, will the subsequent market continue to decline?

Bitcoin market continued to hit new lows again over the weekend, and the lowest so far has reached around 57150. Many old friends think that the 60,000 mark will not be broken. Now it has fallen so much, what else can you say? Don’t think that it has fallen to the bottom. There is no bottom to speak of. It has fallen by more than 10,000 points in just a few days. How many people are buying the bottom halfway up the mountain?

Even if the market rebounds after a wave of decline, it is very normal. We have repeatedly emphasized that the rebound is not a reversal. We have repeatedly emphasized this in the current downward trend of the trend structure. The short-term market trend has once again confirmed this point. Secondly, the rebound is just a short-term adjustment trend!

The rebound is an adjustment trend of the short-term downward trend, not a turn. After the rebound upward shadow line, it continues to fall. There are many factors that induce more. In the rebound process, the shadow line is induced to move upward. The market will fall again in the future, forming a continuous downward exploration!

The trend structure is still relatively weak. In a weak situation, the rebound strength is limited, and the decline often forms a continuous pattern. The rebound strength is weak. The second rebound after the decline is small. There is basically no second pullback. It will go down again, so the market outlook is still based on the high-altitude thinking!

In terms of Bitcoin operations on Monday morning, Lin Kun personally recommends that the price rebounds to 59,000-59,500 short, and the target can be around 57,000-56,500! #美国7月非农就业增长放缓 #美联储何时降息？ #美国政府转移BTC #超级央行周 #比特币大会 $BTC $ETH $BNB