On Saturday, Bitcoin once again sharply declined, directly falling below 78,000.
This market behavior was already clearly emphasized last night, which is to go short.
The entry point we provided was very close to the current price,
Last night, we suggested short at 79,400, and as expected, it rebounded to around 79,400 in the early morning.
During the session, at this level, we directly advised students to short.
We updated the strategy again, urging everyone to continue shorting.
After a full night’s sleep, it suddenly plummeted.
Originally, the plan was to exit at 78,500, but as the market clearly accelerated its breakdown,
We directly advised students to hold their positions.
Just now, after breaking below 78,000, all positions were closed for profit.
Actually, since last night, we started to turn around and short,
And in the evening, we indicated a short at the current price.
The thinking has been very clear: do not be stubbornly long or short,
Instead, adjust according to market changes.
From a technical perspective,
The overall market is in a rapid transition from a high-level bullish profit-taking phase to a decline,
With daily and weekly charts closing lower.
Over the weekend, I personally expect further weak adjustments.
The four-hour chart shows a unilateral weak decline,
With increasing volume during the acceleration.
The short positions we turned around and took yesterday, along with the openly suggested shorts tonight,
Have expanded profit potential as the market continues its one-way drop.
Currently, the four-hour chart shows a relatively weak trend,
A short-term weak unilateral decline.
After consolidating and gathering strength,
Intra-day, continue to buy the dips and short the rallies,
And over the weekend, keep an eye on breaking lower for further downside.
Today, for short-term trading, I personally suggest being more aggressive—short at any point.
For those waiting for specific levels, consider shorting around 78,500-79,000,
Targeting near 77,000.