First, let me share a few numbers for you to judge the BTC market:

1. The cost line of short-hand (holding coins for 5 months) is more than 58,000. Since the rise from the bottom in early 23, every time it approaches the short-hand cost line, it will rebound sharply;

2. After the halving, the shutdown price of the S19 mining machine of American miners is about 56,000-59,000. Historically, approaching the shutdown price will trigger passive liquidation of miners, and a big bottom will be built after a wave of decline;

3. The average cost of US ETFs is about 56,000;

In summary, BTC will have strong support in the 5.6-5.8 range, and this is the last liquidation area of ​​BTC;

However, it is not ruled out that if external macro factors, such as war or interest rate hikes, allow it to penetrate this area, the support will become a stampede of escape. The most recent one was the FTX thunderstorm in 22 years, which smashed another 20% on the basis of the bottom;

So, what do you think?

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