Bitcoin Market Analysis and Support Point Explanat

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Liang Xi said that 56,000 is the support point of this round, and also explained the reason why the market will not substantially go down to the 56,000 area.

1) The core of this round is institutions, sovereign funds are buying big cakes, creating inflation, and diversifying risks.

2) There is very strong support around 60,000.

3) Bitcoin exists as a new era of gold characteristics (like gold, it can appreciate in value and has better liquidity), and large investors are mainly buying, not selling.

4) The exchange needs to smash the market to remove long leverage

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