Latest Bitcoin Market Update: 58000 fifth test, rebound ceiling compressed to 59900 Brothers and sisters, the price of Bitcoin during the weekend just hit a new low of 58905! The fifth test of 58000 defense line. Five times already. not to do anything more than three times? Now it's already the fifth time. Every time it holds, but every rebound is slightly shorter than the last time: 60583 → 60941 → 60545 → 59906. The rebound ceiling has been compressed from 61000 to not even 60000. However, the bulls are still fiercely resisting! Because once it falls below 58000, there will be 1.6 billion US dollars liquidated. How can multiple armies slack off and surrender easily! 1. The candlestick at 4:00 today said everything. 146 physical points, 424 upper shadow points, 430 lower shadow points, intense fighting between long and short positions. Short positions hit a new low of 58905, while long positions bounced back to 59335. But it should be noted that the highest upper shadow line is only 59906- even 60000 has been pushed back. This upper shadow line has already locked today's resistance at 59900. 2. 58000 is a consumable, not an iron bottom, it will be pierced sooner or later. Five tests: 58115 → 58337 → 58970 → 58500 → 58905. Each time it held, but the rebound high point dropped from 60941 to 59906. Buying is consuming, while bearish defenses are moving forward. Next time, next time, there will always be a breakdown. The cost line for super whales is 48100, which is the iron bottom for this stage. 3. What does the data on funding rates indicate? The rate is almost zero, and neither long nor short positions pay. No one is in a hurry to open a position, nor is anyone in a hurry to close it. Everyone is waiting for direction. On Friday, the ETF had a daily outflow of $700 million, and institutions were running. DXY is at a one-year high of 101.36, indicating no macroeconomic easing. 4. Trading strategy. Rebound to around 60000, there is a signal of obstruction: short selling. 15% position, stop loss 61000, target 56500 → 54500. If the volume exceeds 60000, wait until 60500 before proceeding. If you directly increase the volume and break 58905, chase short. I won't wait today: the signal for the upper shadow line has already been given, we'll work when it arrives. However, the above is just my personal trading strategy for reference only. I will be responsible for any profit or loss 5. Write in the final summary. Brothers and sisters, 58000 is not an iron base, but a consumable. Five tests, five holds, but the rebound height is gradually decreasing. I can't play it this time, and I won't be able to play it again next time. Direction down, rebound is an empty opportunity. Let the results of the 59900 exam come out first. Steady traders can wait until the US stock market opens tonight before deciding whether to invest in BTC, whether to short or long. Bitcoin BTC 3D Integrated Trading Analysis