$BTC Da Bing looked at the recent trends, the process of the long and short battle is intense, and the recent losses for the bears might be a bit greater, but this does not mean that the bulls can achieve final victory. During the consolidation phase, neither side is guaranteed a favorable outcome.
To keep it brief, as I mentioned last Friday, a breakout above 820 is unfavorable for a short-term decline, and if it breaks the high again, it will test 85. Looking back today, Monday, the highest has already reached 86, which is within expectations. However, why did it rise a bit and then start calling for 90,000 and 100,000? It's always about making big profits.
In the short term, there are a few points to pay attention to: on Saturday, it retraced to 827 and then accelerated to 861; on Sunday, it retraced to 835 and accelerated to 850; and early this morning, it retraced to 833 and accelerated to 855. If you look closely, the last two acceleration waves did not break the previous high of 861, and the strong momentum has slightly slowed down; this needs to be noted.
Therefore, tonight in the U.S. market, if it cannot effectively break the previous high, it will continue to need a retracement downwards. If it breaks the previous high of 86, then it will test 88. This does not take into account any impact from tariffs; it is an objective and rational observation of the market.
Relatively speaking, I personally lean towards the former, so I consider entering around 85, defending the previous high; in terms of cost-effectiveness, it is a decent choice.
The first retracement to watch is 827-835, which is the position from the weekend's retracement. Only if it successfully breaks below here can it further go to 82, and we cannot rule out the possibility of touching 80.
Tariff policies are unstable; there are no absolutes in being long or short. It can rise 10,000 points to explode the bears or drop 10,000 points to explode the bulls. What we can do is survive in the cracks and keep ourselves alive.