Bitcoin, in the past two months, before it dropped below 90,000, it fluctuated significantly around 100,000. Previously, crossing above and below 100,000 became a norm and no one was surprised anymore.

Recently, after losing 90,000, it directly dropped below 80,000 last week, and now it has begun to oscillate between 80,000 and 90,000. As it continues to drop from above 90,000 to below 80,000, people will grow accustomed to it. Therefore, although there was an increase in the morning session today, I do not recommend chasing long positions. The daily chart shows that the bullish pattern is not very strong, let alone a reversal. The weekly chart has also lost support and shows a death cross downward. I personally suggest focusing on shorting during rallies. Everyone should choose their entry points wisely, adjust their average price and position accordingly. This week, I still expect a decline back to around 80,000.