$BTC The lowest position of this decline is 52550, which is still 1000 dollars away from the 51490 I mentioned. The bulls are suffering from the liquidation. However, this decline is both dangerous and an opportunity. The current market is in an oversold rebound.
The downward test has not been completed. Before the 18th, it will be dominated by shocks. The market will pull back and forth to let the contract users hand over liquidity. After a short rebound, it will still be dominated by declines.
The current market has reached the 55300 pressure position. After standing above the 55300 position, the market will rise further. The positions on Saturday and Sunday have risen slightly. There are still people who buy and play rebounds in this wave of decline. The highest position this time should be around 56400.
I personally still think that the market will reach 51490.
It still fell after a short rebound. The strongest rebound is still the currency in the MeMe sector $BOME $WIF $TURBO
