Last night, $BTC hit a low of 11.72. At 5 AM, it tested 11.72 again and found it couldn't fall below that. The market began buying, but the main buying funds came from the futures market. With this type of futures buying, it can easily be pushed down under certain pressure. Today, pay attention to the 120,000 position, as there are shorting opportunities both above and below.
We can't say the drop has reached its bottom. The current rebound is merely to repair indicators and for contract bottom fishing. Once it reaches a key resistance level and doesn't break through for a long time (with no funds entering), the market can drop quickly.
