Latest Quick Report on Bitcoin Market: BTC's main defense line is only 58000 yuan, and it is expected to plummet to around 55000 yuan in the future ❗ ️] Brothers and sisters, Bitcoin was smashed from 60000, rebounded to 61950, and was held down. Today, it fell directly to around 58000. What does it mean that the bulls' counterattack didn't even touch 62000? It indicates that the Air Force has 62000 guns ready, and multiple troops rushing forward are sending heads. Now there is only one last line of defense left for the multi army: 58000, and the multi army is in danger! 1. Why is 58000 the "life and death line"? This is because if BTC falls below 58000, it will trigger forced liquidation of long positions exceeding $1.6 billion. This will cause a chain reaction: breaking positions → forced liquidation → accelerated decline → more liquidation. The liquidation of over 1.6 billion positions will directly trigger a bearish candlestick. After Bitcoin fell below $60000, the four hour dome shape has been completed, with a measurement target of 54000; The shape of the daily bear flag also points towards 54000; The MVRV pricing range of Glassnode also shows 54000 as an important support level. It is not a coincidence that three independent frameworks simultaneously point to 54000. From the perspective of the chain, $55000 basically overlaps with the realized price of Bitcoin (about 54000), and BTC has withstood the FTX storm in late 2018, March 2020, and 2022 in this region. So 58000 is just a layer of window paper, pierced, 54000-55000 is the real place where the long and short sides need to fight a tough battle. 2. Why can't Duojun move? Micron's financial report rose by 13% after the close, and BTC also rebounded to 61950. But 62000 is the 0.382 Fibonacci retracement level, and when it arrived, it was slapped back by the bears. PCE data exceeds expectations by 4.1%, ETF continues to outflow 3 billion yuan, DXY reaches a one-year high, with three major obstacles weighing down. What can bulls use to counterattack? In one sentence: It's not that many troops don't want to fight, it's because they run out of ammunition. 3. There will be a rebound around 55000! 55000 is the realized price range on the chain and also the low point of the weekly range in September 2024. The first bottoming out is likely to result in a technical rebound, but you should be aware that this is only a rebound driven by bearish profit taking and bargain hunting funds, not a reversal. The rebound high point is estimated to be between 58000-60000. The 200 week moving average (62400) is the ceiling and difficult to break through. 4. Trading Strategy Current operation (around 59000): Continue to hold high position short positions without adding positions or buying at the bottom. Let 58000 produce the results first. If the volume falls below 58000 (confirmed by a 4-hour bearish candlestick), add short positions and target 54000-55000. The stop loss is set at 59500. Operation after falling to around 55000: The price has reached the 54500-55500 range, observe the 4-hour candlestick signal: If there is a large volume long bearish candlestick or a solid bullish candlestick, it indicates that there is buying activity taking place, with short positions taking profit of 70-80%, and the bag is safe. The remaining positions are expected to rebound. Rebound to 58000-60000. If there is a long upper shadow or solid bearish line, it indicates the end of the rebound and a new bearish trend. Target 48000-50000. If the bearish candlestick falls below 55000, it indicates that even the cost support on the chain cannot be maintained, and we will continue to hold short positions with a target of 48000-50000. 5 ❤️ The final reminder 58000 is window paper, 55000 is exam room. Once 58000 is broken, 54000-55000 is the next stop. At 55000, it is time to take profits and rebound. Remember: the rebound of 55000 is a rest stop, not the finish line. The bearish trend is not over, don't call it a reversal just because you see a bullish line. Let 58000 be tested first, let the examination room with 55000 open first, let the K-line signal be confirmed first, and then decide the next step. Bitcoin BTC 3D Integrated Trading Analysis