BTC hit a new low recently. Has it broken through and entered a downward trend?

Last night, it was recommended to close long orders near the BTC high of 95,000, and it was better to exit and wait and see. When I woke up in the morning, I happened to see BTC pull up sharply and hit the daily pressure level. I quickly suggested shorting near 95,800. From a trading perspective, this position is indeed a good trading opportunity, with low stop loss cost and high expected returns. The recommended take-profit targets are 94,000 and 92,500. I have estimated the possibility of falling to the low point of 91,000 a few days ago, so last night's strategy said that if the white market first pulls back to the recent low point, a small amount of long orders can be taken back. But the subsequent round of sharp killing was indeed not predicted, and it actually went straight to 88,900.

Tonight's strategy is also relatively clear, leaving the market and waiting. All the short orders in the morning have been completed. Those who have taken long orders at low levels are also recommended to find opportunities to close them. It should be a small profit unless they are stopped out. If it rebounds to around 93,000 tonight, you can go short a little, but it's not a good opportunity.

The current trend of BTC is indeed not optimistic. Once it breaks and continues to fall, it may hit around 74,000-76,000, but it is obvious that BTC is more tenacious than the bears expected. 87,000-90,000 will be an important defensive area for the bulls, and they will not give up easily. If you want to chase the short, you also need to wait for a better point, wait for today's closing, determine the key resistance and support levels, and then re-formulate the trading strategy.

The Nasdaq will continue to fall sharply tonight, and there is a high probability of a technical break, unless the closing can recover the lost ground and close with a medium-sized positive line. However, like BTC, there are many support areas below, and even if it falls, it will not be smooth, and the process will be tortuous. And today, the Dow has resisted the decline and has been red. It is safer to wait and see tonight. #比特币价格走势分析 $BTC