The suppression of Bitcoin at 59800 is completely effective. Bingtang once again leads everyone to accurately predict high-level short orders.
The overall price on the daily line is still in a short trend. After the double needle peak of the daily line, the price once again came to the 57000 line and fluctuated. The short-term bullish power on the daily line actually still has a certain amount of energy, otherwise the 57000 position would have been broken long ago.
The short-term four-hour boll began to close, and the price remained in the downward channel. The first pressure level above must first focus on the 57800 line. Only after the subsequent breakthrough can we continue to look at the upward selling pressure of the 59000 line. The support below is recommended to focus on the vicinity of 55800.
The overall price in the hour is in a volatile market. The oscillation range can focus on the 2000-point range of 56500-58500.
Based on the above, it is recommended that Bitcoin continue to rebound and short in the future.
58800-59300 empty, defense 500 points, target 500-800 points or more
