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Evening Bitcoin view, everyone hold your short positions tight.
On the technical side, the price has tested the 59000 support three times but failed to hold. Each touch of the support only led to a small rebound, and the buying power is getting weaker. The support below has been shaky. The daily high continues to move lower, and the overall downward trend has not changed. The short-term rebound is just a brief pause in the decline.
On the news front, there is heavy pressure: large option contracts are about to expire centrally, coupled with the continued strengthening of the US dollar, market liquidity is shrinking, a large number of long positions are facing liquidation, and the evening selling pressure will be released centrally, with a downward trend imminent.
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