9.7 Zheng Chen's Thoughts in the Early Morning

On Friday, the non-farm payroll data was released, and the strength of the Bitcoin bulls was fleeting: the price surged to 113344 before quickly retreating, reaching a low of 110153. Our pre-planned high short strategy accurately timed the market rhythm, yielding substantial profits.

Currently, Bitcoin is oscillating around 110700, with a clear bearish signal on the daily chart—moving averages continue to decline, and the K-line remains consistently pressured below the middle track, maintaining an overall bearish trend. Therefore, we will steadfastly execute the high short strategy in the future.

Operational Recommendations:

Bitcoin: Enter short positions when rebounding to the range of 111300-111800, targeting lower at 109300-108300.

Second Bitcoin: Enter short positions when rebounding to the range of 4330-4380, targeting lower at 4200-4100.