$BTC In the evening, the cryptocurrency price first experienced a surge up to the 86400 level, but then faced resistance above and began to quickly retreat. With the opening of the U.S. stock market, the price dropped directly to the 84800 level, resulting in a decline of over 1600 points. The short position we set up in the evening directly captured over 1000 points, making those who followed the strategy well rewarded. As I mentioned, those who miss out will eventually be rewarded; as long as you stick to your system, the price is currently retracing to the 85100 level.

From the current trend, a conversion between long and short positions is about to form, with severe resistance above. It has not broken the new high for a long time, and this recent break above was merely a false breakout without strong bullish behavior. It is clear that there is still a suspicion of inducement above. We remain firm in our bearish strategy and will not waver. The four-hour chart has already shown a trend of two consecutive bearish candles. If the price breaks below the 85000 level significantly, there is still room for the price to drop further. We continue to expect a bearish explosion.