Analysis $BTC
Last night and early this morning, BTC fell sharply, from yesterday's high of 63878, early this morning it approached the 58k zone, currently recovering to the 59k zone, more than 280M USD long orders were liquidated in the past 24 hours! The market is too cruel, not caring about small investors, last night the bookies wiped out a bunch of liquidity!
Last night when 61850 was broken, the price plummeted, need to pay attention to the movements at important points!
Support zone 58500-57500, temporary resistance at 60000
The sharp decline last night once again reminded us that, recently can not trade short-term with any strategy, once you prepare the strategy, the market will overthrow you, continue to push small investors into high-frequency short-term trading, and then continue to create big fluctuations to harvest!
The important point to pay attention to today is 58500, if this point is broken and does not recover, then it will continue to fall during the day, so observe more, do not rush to trade! At present, most altcoins have fallen to the starting point of the rise, but there are still about ten days until September 6/7, still need to be cautious, near the end of the month there will be a strong fluctuation
