Don't guess the bottom easily at the current position. The German police's BTC sales are currently only 10,000, with hundreds and thousands each time, and more than 40,000 are waiting to be sold. Mentougou still has 140,000 BTC, which are currently transferred in batches and sold irregularly. These are a sword hanging over the head of the currency circle.
The unemployment rate is 4.1%, and the non-agricultural is 20.6. The neutral result has little impact on the market. The current Mentougou impact is far greater than the Fed's interest rate cut expectations. Remember the continuity of the market, and remember that it is mainly short before it is implemented.
The advice I can give you now is that there is no risk of liquidation in the spot. If you want to buy the bottom, you can wait until it is below 52,000, and then go with the trend to do contracts after the market picks up. If the second phase of Mentougou compensation begins, the news will definitely continue to fall. If you don't understand how much selling pressure there is, refer to the last Grayscale crash.
It has no significant effect in the short term technology. The distribution of chips is relatively important for the pure market crash. The long orders are liquidated at 52000 below the liquidation chart. 51500 is the price in the period with the highest trading volume after consolidation. There are a lot of chips in the middle, and the previous low can be stepped back.
It is recommended to refer to the 56000 pressure level for intraday operations. This is also the position of the support and resistance conversion. The short-term support level can be placed at 52500 and 50000. It is still the same view. Before the implementation of things like Germany, miners, the United States, and Mentougou, long orders can only do short-term small rebounds. The main direction is empty.
