Yesterday's all-day decline and pressure on the bulls must have caused a lot of anxiety. I've never seen a day-long decline from 95850 that ignores all support points below and then dips to 89200. But during the day, I clearly stated that if it breaks below 93600, long positions should not be held, and emphasized that if it breaks through 91600, it will directly reach around 89200 for support. Currently, it has received support at 94600, and if there were advance orders, this long position has a significant profit.
After BTC broke for the first time, the rebound returned to 9.3-9.4w, which aligns with my expectations. The 9w level is considered a false break, so how will it move next? Wednesday's CPI data is crucial; if it's negative, 9w could completely break down. Therefore, taking profits in batches on long positions in the 94600-95850 area and entering high shorts is relatively safe.
