After a round of rebound, the amount of liquidation in the past 24 hours reached 270 million US dollars, with long positions liquidating at 180 million US dollars. Were all in leveraged positions liquidated, or were short positions trapped, or did some exit with small losses or break even? The support around 58000 has failed to break effectively multiple times, so the market has seen some rebound. As mentioned yesterday, although the lower Bollinger band is opening downward, there are still gaps above that need to be filled. The principle remains unchanged: large rebounds lead to significant shorts, while small rebounds lead to minor shorts. Please share your situation with short positions in the comments, and I will reply with a solution!

The daily K line closed positively yesterday, and the Bollinger bands are currently opening downward on all three tracks. The KDJ and RSI are turning upward, but the MACD has not yet shown a clear increase in bullish momentum after a long period of fluctuation. On the 4-hour level, a tombstone doji candle slightly broke the upper resistance line last night, followed by two continuous K lines touching the upper resistance before retreating, forming a small double top. However, the upper band is slightly widening upward, and after the KDJ and RSI turned upward from the oversold position, they are now beginning to show upward movements again, with MACD bullish energy increasing. On the hourly chart, a pullback found support at the middle Bollinger band, and currently, there is a rebound. For intraday trading, continue to focus on short selling; do not chase after the bullish positions here!
For upper resistance, focus on 61500 and 63000, participate in short selling around here. For lower support, pay attention to 60500, 59500, and 58500.
For the second coin, upper resistance levels are 1660 and 1700, participate in short selling around here. Lower support levels are 1620, 1570, and 1520.

Every blooming flower has gone through turbulent waves; every vibrant one has experienced unrelenting wind and rain; every infinitely beautiful scene has endured deep sorrow. Everything only those who have experienced it truly understand the power behind it. Everyone is striving without regard for themselves, doubling their efforts. Just passing through will only widen the gap between you and others. On the path of growth, do not always think about where shortcuts are; just keep running forward. Remember, dreams are not empty talks, but fruits that grow through silent struggle.
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