Bitcoin has once again fallen below the key support level of $56,000! This is a very important extreme support level. If it continues to fall, Bitcoin may enter a bear market, at least around $45,000. This price level will break the psychological defenses of miners.

At present, the price of Bitcoin has fallen below $57,000, which is lower than the average cost price of miners. According to the data after halving, the average cost price of miners is between $55,000 and $58,000. The operating cost of the mainstream mining machine S19 is already higher than the current Bitcoin price. Miners are facing huge operating pressure and may even be forced to shut down their mining machines.

Recently, there have been constant negative news in the market, which has put pressure on Bitcoin prices. In the short term, Bitcoin prices may continue to fall. For investors, the current strategy should be to remain patient and wait for the market to stabilize. Short-term operations suggest selling in time when prices rebound to avoid further losses.

Summary suggestions:

Focus on key support levels: Bitcoin $56,000 is an important support level. If it falls below, it may enter a bear market.

Understand the cost of miners: The current price of Bitcoin is lower than the cost of miners, and miners face the risk of downtime.

Frequent bad news: There are many bad news in the market, and prices may continue to fall in the short term.

Stay patient: Investors should remain patient and wait for the market to stabilize.

Short-term operation: It is recommended to sell in time when the price rebounds to avoid further losses.