Germany holds 60,000 BTC, and now only has 13,000 after continuous selling. If the budget reserves BTC, then this negative news will be digested this week. The next question is whether Mentougou is a smokescreen or will it be compensated.

As long as the price of Mentougou is unlocked, it will start to fall. This is a potential black swan. Don't treat it as a small negative news that will trigger a sell-off and stampede. This market is driven by emotions. The liquidity of the market itself is poor. If the compensation selling is implemented, it will drive the overall market down. While rising strongly, there is also a risk of news-drawing gates. Long-term trend orders are still not recommended to enter the market.

Technically, you can see yesterday's triangle. It has broken through the convergence and the double bottom at the 4-hour level. It will continue to be bullish in the short term. The daily level is now near the central axis of the channel. The next pressure level of the daily line that needs to be paid attention to is 61,500. The volume distribution chart also shows that the chips are concentrated here, which is a potential target for long orders.

For intraday operations, refer to the short-term support of 58,000. If the pullback is significantly weakened, the possibility of breaking through and rising will increase. The probability of breaking through 60,000 in the short term will increase. Consider shorting at the pressure level of 61,000-62,000.

#BTC