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On August 29, Bitcoin fell back to the lowest point of 57,800, which is close to the support level of 57,000 mentioned in yesterday's article.
Bitcoin has started to fluctuate without pressure or support. This kind of fluctuation is fatal to trend players, because chasing high or stopping loss is fatal. The way to play the fluctuating market is to pay attention to the lows and reduce positions when the highs. If you chase highs, you will definitely lose money, and the loss will be terrible.
The short-term pressure point of Bitcoin is 62,200, and the mid-term significance is 66,000, because such a sharp drop requires a positive line to reverse in order to form market confidence. I hope there will be a miracle in the last two days.