A large bearish candle dropped 4000 points in 4 hours, and we clearly provided a short idea at 102500 this morning, with the highest rebound point around 103300. I ask you, wasn't it satisfying to eat the short at 102500!

Currently, the coin price is near the low point of 98700. We can directly close the short position at 98700 to collect some USDT, making a profit of 3800 points!

The rhythm may be unexpected, but this drop is not surprising at all, as it has been anticipated outside. Looking at the current situation, the support below is in the 97500 area, and this round of decline has already exceeded 10000 points. Our long-term bearish outlook is not wrong, and profiting is also not wrong. However, we need to pay attention to the overall extent of the decline. We cannot just blindly short; we need to remain calm when it comes to looking for rebounds.

On the daily chart, to describe it in the simplest terms, we can clearly see that the 97500 line is particularly dense. Whether during the previous rising cycle or the declining trend, we cannot avoid this area, so going long above 97500 is relatively safe. There is not much room for further decline, and conversely, after this significant drop of over 10000 points, a rebound and adjustment are more needed!

Specific operational ideas for the early hours:

Go long directly at the current price of 98700, with the stop loss set at 97500, and target around 101000. After reaching the target, consider the strength before deciding to continue shorting!