The 56000-57000 range has become a pressure point. Theoretically, the market will not make a V-turn. The first time it touches this range, there will be a normal correction. The next decline may be the 50000 integer mark.

Global stock markets have generally plummeted, and even Japanese government bonds have triggered the circuit breaker mechanism. In addition, the current tense situation in the Middle East... All the negative sentiments have accumulated together, and this wave of decline has come like this. When the wall falls, everyone pushes it, and the crypto market is not immune.

Back to the market, at this time, we can only follow the trend. The four-hour Bollinger is still below the middle track, and MACD is also oscillating and repairing. In the short term, we will not consider long orders. As long as the market rebound does not quickly break through the pressure level, it will at least have to make a double bottom.

The intraday thinking is high-altitude thinking, pay close attention to the four-hour 57000-57500 Bollinger middle track pressure, and the second pressure level above is the Fibonacci (0.5) 60000 integer mark. The support level focuses on the two positions of 54000 and 53500.