The greater the market fluctuation, the more hidden opportunities there are. Yesterday, BTC suddenly plummeted to the support level of 85563, then rebounded to a high of 86886 in the afternoon, before the short positions made a strong push and plunged to a low of 83822 in the evening. Yesterday, BTC gained a total of 8200 points, while ETH harvested 334 points, both profits were securely pocketed.

From a technical perspective, the daily candlestick has broken down with a large bearish line, approaching the lower support of the Bollinger Bands. The wave structure of the decline is complete, marking the formal end of the previous rebound. The moving averages are diverging downwards, and the pattern remains dominated by short positions without any fundamental changes. In the early hours, it is recommended to short at the rebound high, strictly trading in line with the trend, which aligns with the current trend's operational logic.

Operation suggestion: Short around 85600-86800, looking down to around 83800-83000. If it breaks, continue looking down. Mid to long term target is 80k.
#加密市场观察