【Late Night Market Update】Friends, Bitcoin has just broken through a key support zone!

This midnight plunge on Sunday was so thrilling, dropping directly from the 85000 defense line to around 82500, losing over 2000 dollars in space just like that. Now, the daily level has already pierced through the MA200 lifeline; if we can't get back above it, we might witness a second bottom at 78200.

The current market looks quite frightening: the 4-hour chart has recorded five consecutive bearish candles, piercing through the lower band, and technical indicators show that bearish strength is still being released. Although there may be a small rebound, don't rush to catch falling knives; a high short position in line with the trend is the way to go.

Specific operation highlights:

A rebound near 83000 for Bitcoin is an opportunity to add to short positions, watch for the previous low at 81000 below, and if it breaks, directly look at 78200.

Follow your lead, the altcoin will short around 2100 if there’s a rebound, with a target at 1980 below, and if it breaks, watch the 1900 level.

For those watching the market tonight, where are you preparing to ambush?