$BTC

4.7 Large Pie Analysis

After yesterday's sharp drop below ten thousand, the market continues to break downwards, and the bullish sentiment can no longer be maintained. Currently, the short-term expectations have not yet reached the bottom, and the market is likely to decline again.

In the short term, we are waiting for opportunities to short; it is not recommended to engage in any bullish operations.

In the short term, we are waiting for opportunities to short; it is not recommended to engage in any bullish operations.

The short-term pressure level for the market is around 78,000 to 79,000, and it is currently consolidating at a high around 77,000, with no further increase expected.

The lower support levels can be further seen at 73,500 - 72,000 - 68,600.

At this point, we can only say that it has not yet reached the bottom. Tonight, it is recommended to consider the current price or wait for opportunities to short; the specific strategy will depend on the performance of the U.S. stock market tonight. For long positions, it is best to wait until the market stabilizes before taking action; we will not intervene for now.

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