Recently, many people say that Bitcoin has fallen below 60,000. This kind of spike cannot be called an effective drop. It can only be called a fake drop or a trap. It depends on the real part of the K-line or the closing price of the day. The closing price of the day is lower than 60,000 to be considered an effective drop. Generally, this kind of spike is to sweep the contract. Because of the operating habits of many contract players, the stop loss of long orders will be set at 60,000 or two or three hundred dollars. It was just hit, and then it started to bottom out and rise again.