Bitcoin's short-term support is $57,200-58,200, and its short-term pressure is $60,500-61,500. The probability of the Federal Reserve cutting interest rates by 50 basis points in September is 48.5%. The amount of Bitcoin reserves on exchanges hit a five-year low, with $5.96 billion withdrawn within 30 days. It is said that more and more people treat Bitcoin as a valuable savings. Bitcoin's short-term trend is in line with Leng Feng's expectations, and there has been a daily level retracement. $58,000 is a small support, and strong support should appear in the $53,000-56,000 range. I still think that Bitcoin will consolidate in the $49,000-63,000 range for 1-2 months. In terms of operation, you should cover your positions when you retrace, and reduce your positions moderately at high levels, but you must maintain a certain amount of basic positions. #TON