Bitcoin Bounce: Market Reaches Above 54,000

Bitcoin was very weak last night. Due to a gap at the bottom of the futures, it rebounded directly after filling it, causing the market to reach above 54,000. This wave of market prices was also emphasized yesterday that the market will make up for the increase.Many people may say, shouldn’t we look at a deep retracement? It is inevitable to look at the retracement, because the market also dropped by 3,000 points during the retracement. Of course, it is not as good as expected, but at least you will not lose money, which is the case in a bull market.Some money can be made, but some really shouldn’t be made. If you want to make money, you have to pay the price. The current pressure is around 55200-55600, which is an important position of Fibonacci value.For support, focus on 53100, and for deep retracement, focus on around 49000. Of course, the current high level is also the most important position of the speaker. The two horizontal lines above are more important than the speaker. Just understand the layout!KP92877