Observing the order book, it's clear that the 58000 level has strong buying support, with buy order volume far exceeding the selling pressure above. There is sustained capital underpinning, making it unlikely for this support level to break down easily in the short term.

Based on historical capital flows and price rhythm, Bitcoin in the short term is more inclined towards wide-range back-and-forth oscillations, making it difficult to see a unilateral sharp rise or fall. In the near term, there's no need to expect a rapid drop to 54000.

Typically, the market will first grind sideways for a while before entering a sustained unilateral trend. During the consolidation phase, it's suitable for short-term quick in-and-out trades, steadily accumulating small profits through multiple trades. Long-term holding, whether long or short, is not advantageous.

If you apply a unilateral trend strategy to a sideways market, the price will swing back and forth, causing frequent stop-loss triggers, which is counterproductive. #btc