Yesterday, the price of the big cake dropped all the way to 49,000, and the maximum decline from the high point of 73,000 has expanded to about 35%.

The market is extremely fearful. Affected by the herd effect, many people have cut their losses at low positions.

Especially the newcomers who have just entered the circle and have not experienced the plunge, they are directly confused and instinctively cut their positions, fearing that they will return to zero.

Many institutions have denounced the coal interest rate cut too late and too slow, which has led to a big beng in the market. This has happened many times in history. The result is either no interest rate cut or a sharp interest rate cut. The probability of the Federal Reserve cutting interest rates by 50 basis points in September this year has greatly increased.

For today's short-term, the range is shrinking visibly, and the volatility should be much smaller than yesterday. The last round of retracement at 53,000 in the early morning today can serve as short-term support. The upper pressure is in the 58,000 to 61,000 area. The short-term is accompanied by repeated shocks and jumps.

Don't consider which direction first. It will be safer to run based on the news first. Now, I am using experience and intuitive market analysis. I still see a rebound, but it will be accompanied by repetition. Once it falls by 2,000, it will affect the short-term judgment. Therefore, it is recommended to enter at 5-8%. When the repetition is relatively large, it is necessary to experience resistance, generally within 2,000. Enter at 54,500 and look at 58,000. It is in place without breaking. Or go directly to 55,000! It depends on the individual. Ethereum is also OK, and the rebound will be visible to the naked eye! $BTC $ETH