The dealer is not giving the bulls a way out⚠️❗️❗️

Today's non-agricultural data is positive, but it caused a chain reaction, triggering concerns about the US economic recession, causing BTC to spike upward to around $57,000, and then began to fall sharply. Now the price has reached around $54,500. This is the last hope of the bulls. If it falls below this, then the price will definitely be around $51,600.

I thought this time would be an exception, but every time the non-agricultural data is released, it spikes up and down, making it difficult for you to find the main motivation and direction. It's too cruel. At present, the 4-hour MACD has been in a state of divergence, but the price just can't get any feedback. The indicators have been played out. There should be a decent rebound before falling. The dealer is now completely out of the routine. Even if the indicators diverge, they must smash the market first.

At present, the long army has basically been liquidated. Even if the price of Bitcoin reaches around 49,000 US dollars, the liquidation strength is only 1 billion, while the short army has been adding positions, and there is a momentum not to close positions until it breaks 50,000. The long army has basically been beaten and it is difficult to make a difference in a short period of time. In the short term, the price is likely to continue to fall.

At present, 54,500 has been broken, so the price will definitely continue to fall, at least it must fall below 52,800 to support the price rebound. The United States has also issued a series of interest rate cuts to maintain economic stability. Now it is a phenomenal short trend. It is difficult to rebound in a short time. This wave is nothing more than a second bottoming out. Let's see where it goes. If 49,000 is not broken, there is still a chance to continue to attack.

Current BTC support below: around 51,633

Current Ethereum support is around: around 2,150

The probability of a direct breakthrough is not high, and the subsequent rise is still optimistic. Every decline is for a better rise. I firmly believe that the bull market is still there.

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