Dear partners, the market trend is basically consistent with our previous judgment! In the early morning, the market briefly formed a double bottom and recovered slightly, but the price surged to the 60700 line and then quickly plunged under pressure. The selling pressure above is significant, and the overall advantage of the bears remains solid. Holders of short positions can continue to hold and wait for this round of downward trend to realize profits.

Focus on the core support at the 59000 line, which is the key defensive position for the bulls at the current stage. If this support is effectively broken, the market will further test the previous low of 58030, with the extended downside target at 57500. Before a large-volume bullish candle firmly stands above the 60700 resistance line, blindly bottom-fishing and going long carries extremely high risk, and it is not recommended to rashly establish long positions.

When Bitcoin rebounds to the 60000-60500 range, take advantage of the trend to lay out short positions, with the first target at 59000, the second target at 58030, and the long-term target at 57500.
When Ethereum rebounds to the 1560-1590 range, open short positions. The first downside support is at 1510, and after breaking through, look to 1460. #btc