BTC $20,000 waterfall is coming!

The computing power dropped from a maximum of 702 to a minimum of 609, and the computing power has stopped growing in recent months.

The biggest pain point of BTC is 58,500. Generally, it will be close to this price when it is close to delivery. The delivery will be on September 27th.

There are still tens of thousands of BTC left in Mentougou. October is getting closer and closer, and all of them will be paid out before November.

For contract positions, there will be many more liquidations for long positions than short positions, which means that the contract is too heavy. According to the 2/8 law, there will always be more people who make money than those who lose money, and there is a high probability of another big drop.

The United States sold BTC at 70,000, and it is not ruled out that it will continue to sell between 67,000 and 68,000. And the British government.

Technical indicator analysis is shown in the figure below. There is a big pressure point between 67000 and 68000. I personally think that the probability of a breakthrough is not high. The support points are like lines. The first support point is around 58000, which is also in line with the position of BTC's biggest pain point. The second support point is around 45000, which is also the support point of BTC's monthly line. Generally speaking, there will be a big bull market after stepping on the support points of the monthly line. Of course, this is all a matter of probability. There is no absolute. I think the probability is above 50%. The above analysis is for reference only and does not constitute any investment advice.