At present, Bitcoin has come to 58500 and 57500, these key positions are rubbing! It is time to focus on these positions again, which can go up or down.

Go up and break through 62000 and 64000. You can see 69000. If you can't hold it, you will go to 54500 and 51500!

Bitcoin needs a downward test, but the amplitude will not be very deep. Some understanding of the current market of 5w3~5w4:

Bitcoin dealers have been planning to go down for a while, and two things can be seen:

The first thing. On the 11th, the market began to fud $wbtc, and there were frequent news pushes about wbtc, but retail investors in the market did not buy it, and there was no obvious panic, so this story can't be told anymore and it will end.

The second thing. Then they started to exaggerate the transfer of money from Mentougou, and once again used Mentougou to bring out fud, but the market still didn't buy it and ended in failure. For the dealer, it must be inserted again at this time. Clearing the leverage is just a by-product. The core purpose is to test. Without a test, the market cannot have institutional market conditions.

If there is fud, then this test will be smoother, saving time and effort, and getting twice the result with half the effort. It can save a lot of money and pick up some more bloody chips.

These two things are enough to show that the wave of killing on the 5th did clear out a lot of retail investors, and the rest of them have completely laid down and refused to eat. If the CPI was flat or higher than expected last night, I guess it would have started to smash it last night.  

There is no moving story, and we still have to continue to smash the test. It is expected that the amplitude of this wave of insertion will not be very deep. The dealer will not and does not need to spend so much real money to smash the market. The big cake is expected to be 5w3~5w4, in my opinion.