Is the slap coming so fast?

This time, I have to admit I'm slapping myself!!!

Yesterday, Bitcoin dropped below 87,000, and I thought it was stable. This morning, I woke up to see it pulled back up. This back-and-forth is actually problematic, so I re-evaluated my analysis.

The daily chart of Bitcoin started to flip on January 31. Each time there was a big drop and rebound, it hit 0.618, and then dropped 1.1. This is a standard harmonic three-wave movement. At the bottom, the 4-hour chart showed divergence, which was the main reason I led everyone to bottom-fish and go long at 74,800. (I drew the line at 74,500, afraid I wouldn't get filled, so I raised it by 300 points.)

However, the daily chart of Bitcoin has not flipped. The information and funding situation at that time were not like they are now, so I judged that there would be exhaustion of upward momentum around 84,000-85,000, and the market would turn bearish again.

Funding situation: Starting from April 9, the outflow of Bitcoin ETF began to decrease significantly, and from April 14, inflows turned positive, reaching 380 million USD on the 21st.

Information situation: Since the tariff war began, the US dollar has continued to weaken, and the safe-haven attribute of gold has greatly strengthened. Bitcoin, which is priced in USD and has a certain safe-haven attribute, will gradually strengthen.

Based on the collection of information from all the above aspects and combined with technical analysis, if you still have long positions below 80,000, then around 88,500, close half, and hold the rest to close at around 95,000 is a good strategy.

Previously, I mentioned a short position around 88,500, which would have a stop loss at 89,100, with the target continuing to look at 83,000.

If currently in cash, go long on Bitcoin when it retraces to 86,500-87,000. Just use a small stop loss, with a target of 95,000-96,000.

Once the target area is reached, reverse and short.