More than 47,000 bitcoins were transferred from the address in Mentougou, causing BTC to fall below the support levels of 56,500 and 54,000 as mentioned in the main cryptocurrency news last night.

Currently, in the 8-hour custom period, BTC has crossed below the Vegas channel's major trend tunnel area, and on the daily chart, the price has crossed below the MA200 moving average. With recent market selling pressure surging, it is recommended to pay attention to the support at 51,530.

It is worth noting that the OKX USDT perpetual main force is betting on the range of 52,000 to 53,000, with orders being sustained for over 129 days. If there is any movement in the Mt.Gox or German government addresses, this range should be given priority attention.

In addition, the situation of ETH in the 8-hour and daily K periods is similar to BTC, and it is recommended to pay attention to 2800. The OKX spot main force has placed a buy order of 4.22 million US dollars here, with chip support at 2600 below.

For more market analysis, you can join the PRO CLUB group for discussion: https://www.aicoin.com/vip/chartpro?purchase=1

Due to the recent volatile market fluctuations, please ensure proper risk management. The data is for reference only.

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