60k USD supply pressure! $BTC Can the 60k mark hold?

Good evening, brothers. This news tonight is worth every coin holder to stay alert.
News:
The latest Glassnode data doesn't look good: this month, ETF net outflows exceeded 4 billion USD, corporate purchases are only 7,500 coins, plus daily newly mined coins, the net market deficit is as high as 4.4 billion USD!
Plus Strategy announced it would sell coins to cash out, institutional demand is indeed weak.
Currently, the only hope for bulls is the arbitrage funds from the USD/JPY exchange rate that are still holding up.
Technical analysis:
The current price is struggling around 59,300, which is the last defense line for bulls on the daily level.
Upper resistance: 60,500 - 61,000.
Key support below: 58,100. Once it breaks down with a solid candle, it will open up space toward 56,000.
Gongming's view:
Supply surplus is real selling pressure. Against this background of net outflows, the rebound strength will be very limited. Short-term range-bound with a bearish bias; not recommended to blindly buy the dip.
Trading strategy:
Entry position: For the conservative, wait for a rebound to the 60,000-60,500 range and short in batches; for the aggressive, enter short lightly at current price around 59,300.
If the direction is wrong, effort is wasted. If you fear FOMO, you can enter with a light position. Don't rush to catch a falling knife. Endure this period of contraction, survive to have a chance for big gains! #Gate完成141只股票股息派发 #日元跌至40年低点