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Yesterday's Bitcoin indeed moved in a somewhat "weak" manner. First, it broke below 91,000, and before the market could react, the price continued to drop towards the 90,000 level, completely disrupting the upward momentum. From the market perspective, there was almost no decent counterattack from the bulls, with the rebound strength being pitifully weak, clearly lacking the sustained momentum to push prices higher.
In this kind of trend that has already tilted towards weakness, the most prudent approach is to go with the flow. Since the market is choosing to move downward, follow its rhythm and maintain a bearish outlook.
Sure enough, during the night, the market experienced a rapid plunge, directly hitting around 87,800. For those who had already set up short positions in advance, this fluctuation provided a movement of about 1,000 points, which was enough to generate good profits for the positions.
Overall, yesterday's trend was a typical continuation of a weak market: support was broken, rebounds were weak, and the trend was clear. Trading short positions with the trend naturally yielded good profits.