The US stock market is about to arrive, here is a small prediction of the trend, expecting a slight rebound followed by another drop!!!

In recent market conditions, Bitcoin has basically been operating in a range-bound rhythm, with not much room for fluctuations. Only under the influence of the US stock market or significant news will the market exhibit certain volatility, so the Bitcoin market is extremely dull and boring. Therefore, if one does not have a certain level of patience, it is better to wait and see rather than blindly enter the market.

To get back to the point, since last week when Bitcoin fell to the 1188 area, there has not been a significant rebound in the market. The position at 1160 completed the conversion of the top and bottom, and it was difficult when it broke down, so wanting to break above again won't be that simple.

From a macro perspective, the non-farm payrolls in July brought a brief period of gloom to the market, with obvious sell-offs, and many big players fleeing. Yesterday, old Huangmao spoke again with a bang, and the market plunged once more. The bulls were left lamenting, and in the short term, there are no obvious signs of market sentiment warming up.

From a technical structure perspective, the bears are dominating. The current position at 157800 cannot be broken through, and the market still has to go down. Even if the US stock market opens high, there won't be much room for a rebound under various pressures, so tonight it is still mainly about shorting at high prices.

Here are two short positions: 115050, 115550. If you reach near this area, you can enter the market yourself, with a target of 112800.

(The above is purely personal opinion and for reference only.)