#BTC The counterfeit market fell sharply today, with individual currencies plummeting by more than 50%. However, there was not much movement in the mainstream market. From the four-hour level, the market began to rebound after a quick spike near 29059 early yesterday morning. After closing at 0:00 in the morning, the price rebounded to above 29100. After that, from noon to this evening, the four-hour level made two spikes around 29100. All have recovered above, indicating that the short-term 29100 support is still effective. If the price of the big pie falls below 29100 at the four-hour level and closes below 29100, then the price of the big pie will quickly drop to near 28585 in the short term.

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The strong pressure level at the short-term four-hour level has moved down to around 29740, and 29500 has become the short-term pressure level. Currently, only when the price at the four-hour level breaks through and closes firmly above 29293 can the market turn into a bullish trend at the four-hour level.

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From the daily level, the market closed below the 5 and 10 MA yesterday. The short-term daily-level pie will continue to fluctuate and decline. If today's daily-level closing line breaks through 29430 and stands firmly above 29430, the pie can get out of the downward trend.