$BTC Today's market:

The rebound in the past two days is actually very good, especially many high-quality cottages have basically inserted the big needle of the daily line and recovered a lot. If it does not break the previous low, it is basically a local bottom. As mentioned earlier, after the big drop that day, most cottage contract rates were all negative rates and severely oversold. Many people shorted and cut their losses at the bottom, and they did not dare to buy the cottage at the bottom. Then the market is anti-human. When the big cake falls sharply, some funds will flow into the cottage. In fact, many times you want to cut your losses and change your positions depending on the situation, but don't cut them during the big drop. You will often cut them at the relative bottom. It is the time to operate during the rebound. This principle must be understood.

At present, the big cake rebound has encountered a 2-hour resistance level. Yesterday, it was said that it would continue to rebound after breaking through 56,500. It just rose to the current dividing point of 58,000/58,200. Today, we need to observe whether this position can continue to break through. If it is corrected, the support below is around 57,300/56,000.

If it can stabilize after breaking through 58,200, it will increase the confidence of a big rebound.

For reference