BTC yesterday's 58,000 was support, but today it has become a pressure point
Yesterday's 4-hour line showed near 58,000. I also advised everyone not to enter the market because the volume was not enough to support it to rebound to a new height. The market decline was also expected.
The first pressure point, the 58,000 line, will be repeatedly rubbed here. Today, Friday, market funds will come out for risk aversion, and there may be a small rebound
The second pressure point, the 6,000 line, the high point last night, this place has little volume and selling pressure, which can be temporarily ignored.
The third strong pressure point, the 64,500 line, has become a strong pressure point after three failed impacts. The selling pressure here is very heavy.
The current market's bullish pattern is completely destroyed. It is not recommended to buy the bottom unless the market has experienced 2 4 small bottom confirmations before considering the bottom.
If you are stuck after entering the spot market, wait until the bottom is confirmed before covering your position. Don't let yourself cover your position halfway. For contracts, don't try to open long orders. The risk of opening long orders is greater than that of opening short orders. If you don't know the direction, just wait. Waiting is also a kind of trading.