Last night's live broadcast ended at 8 AM today with the daily closing. Please call me Iron Man Fenwolf. I woke up and it's almost dark...
This trend is quite interesting. Yesterday, after the daily closing, the Asian session rose steadily, then after a plunge in the US session, it rebounded. Today, after the daily closing, it has been moving downward. Is the US session going to rebound and then plunge again??
Currently, the Bitcoin hasn't stabilized above 1148. If it closes below 1148, I will still look to short when it rebounds. The short position I placed at 1148 last night was just a breath away... it's really a bit eerie.
Additionally, the key level of 1118 has held, temporarily easing the risk. If it plunges again and fails to recover, we will still enter a major correction phase...
Overall, I personally still lean towards a bearish structure in the short term, but that does not mean a trend reversal; these are two different concepts.
Moreover, the declines in August-September are all opportunities. It would be best if there were a significant drop; then it would be time to pick up some bloodied chips. From October to February, there will be a good small bull market. Get ready!