BTC's short position at 57,000 last night dropped to 55,557 at its lowest. It broke through the four-hour Bollinger middle rail again during the day. Although the small-level trend fluctuated upward, it is currently back to around 57,000.

But to be bullish overall, at least a second bottom test is needed to confirm that the decline has weakened, and the time cycle may take a week.

In addition, during this week's data window period, it is best to repeatedly wash the market. After a certain degree, CPI will choose a direction next week. From a technical point of view, the pressure level of 57,500-58,000 has arrived. The hourly MACD currently crosses the zero axis. At present, the rebound is very strong, and there is a chance to challenge the pressure of the 60,000 integer mark again.

The support level during the day is 56,100-55,700. This position can be used as a reference for short-term entry. It only takes four or five hundred points to defend. If it breaks, you can refer to the second support for a mid-term single entry around 54,000. The 60,000 integer mark gives you an opportunity to consider shorting.