BTC has dropped to 57,000 three times since Saturday, and then the drop position has gradually decreased.
From the perspective of trading volume (data from Binance), from the first drop to the third drop, the trading volume has also decreased each time, and the trading volume has also decreased during the rebound.
Of course, it is still the last day of the three days of low liquidity, and the market liquidity is still sluggish, but this also reflects that as the price falls, the bottom buying volume is constantly stimulated, but the buyer's power is gradually weakening. If this continues, the price may continue to fall.
This trend reversal requires market sentiment to regulate, or it may fall to a key position to stimulate a large amount of buying rebound.
However, the time for the external market to provide momentum will have to wait until the opening of the U.S. stock market on Tuesday night, and the market still has the risk of continuing to fall.
The support below the daily/weekly line moves down, and contract trading should be more vigilant at this time. The current daily support has reached around 55,800.
I will adjust the order acceptance point for my long orders to see if I can accept them.
By the way, I said on Saturday that the volatile market can continue to test the factors, but from Saturday to now, the factors of the AI algorithm have not given any signals, so it is normal for you to find this market difficult to trade. Don't be discouraged, and wait for more.
