BTC Market:

Market Review:

Yesterday's big coin saw a significant financial crisis influenced by the global stock market, leading to severe price setbacks. From this point, it is evident that the market has entered a bear market phase. From the levels we observed yesterday, the price broke below 80000 without any significant defensive capability. After a double explosion of long and short positions in the early morning, there are currently no rebound nodes.

Market Technicals:

From the one-sided hourly K-line level, it can be seen that since breaking below the upper chip level, the overall rebound space has been reduced. A new layer of chips has emerged to redefine the basic fluctuation range of the market. Looking at the daily level, after a large spike, the rebound point is relatively strong. However, this large-scale rebound did not repair the upper level, indicating that the bulls are still relatively weak. Today, we need to pay attention to the market; if it does not reach above 80500, it is a short signal. Similarly, as long as it appears, we can look for opportunities to go long accordingly. btc1207

Big Coin: Long at the pullback around 79000-79200, risk control 600, target at 80500 - then consider whether to short at this position.

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