$BTC
The Nasdaq fell by 2%, and Bitcoin also fell, breaking the key support of 860. If the U.S. stock market continues to decline tomorrow, Bitcoin could continue to drop.
1. Keep an eye on key points
• Upper resistance: 875-880 (a rebound in this area is likely to fall again).
• Lower support: 835-840 (first target), if broken, it could reach 810-820 (strong support zone).
2. Trading suggestions
• For those in short positions:
• Short positions from 860-870 have already been released, do not rush to open more shorts.
• Short positions from 830-850 wait for a rebound near 840 to reduce positions, keep a base position to see 820.
• For those looking to buy at the bottom:
• 835-840 try a light purchase, if it falls below 820 you must stop losses.
4. Attention to risk
• Do not listen to extreme recommendations! Market sentiment is out of control, there are those who exaggerate both in rises and falls.
• Keep an eye on the trend of the U.S. stock market, if the market rebounds, Bitcoin may also rise quickly, do not blindly follow the drop.
Summary: in the short term, it looks bearish, but do not panic and trade uncontrollably, trade according to key points!