$BTC It is not necessarily a good thing that the market moves too fast. Yesterday, it rose to 61166 in one breath. The gap of CME BTC futures was filled by a needle. The fastest gap should be filled today.

The rise without enough chips at low levels can only induce more to fall. After breaking through 60,000 yesterday, many long positions were pursued. In the early morning, long positions were liquidated for nearly 80 million US dollars. The main killer was the liquidity of the contract.

$BTC There are still a lot of long chips in the 58500 range below. I personally think that the market will step back to around 58500. If it does not fall below 57700, there will still be momentum for rising. 57700 can be regarded as a lifeline for longs and shorts.

The current market is strangling liquidity. Be careful not to mess up the pattern when operating.