In terms of the overall structure, Bitcoin is currently showing a bearish pattern, and the volume is relatively large. The price has broken the key support at $82,000, forming an engulfing structure, indicating that the downward trend may continue in the first half of this week.
The U.S. stock market opened lower, while Bitcoin, after a short-term decline, has shown a clear rebound momentum, breaking through $83,200 again, indicating a state of repeated fluctuations, suggesting that it is necessary to first see a rebound structure here.
Last week, we saw a drop from $88,000 to $82,000, and the tail-end market was indeed quite fluctuating; we need to adapt to this rhythm of fluctuations.
Going forward, it's advisable to be conservative when entering the market. Short Bitcoin at a rebound between $84,000-$84,500, targeting $81,000-$80,000,
Short Ethereum at a rebound between $1,880-$1,900, targeting $1,750-$1,700!
It's important to control your hands and not attempt to catch the bottom.
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