BTC surged to 58,000 in the evening, but failed to break through the hard bone of 58,300, where there are 252 million short positions. After trying twice, it failed to break through 58,000, and then fell to test the shorts, but the support below 56,200 is there.
I just shouted in the group that I don’t want to go long on BTC, but it fell in a blink of an eye, but I’m not panicking at all. The main force is recovering the liquidity in the market. The liquidity on the long side is good. There are a lot of chips at 56,200 below, which is a support point. As for 58,000, it is now a pressure wall.
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