September 22 BTC market analysis:

Today, BTC dropped all the way from the high of 115000 to the low of 111800, breaking through several support levels in between. The expected decline turned out to be much more severe than anticipated today, which no one saw coming.
Since the bearish situation has opened up, let's go short accordingly. The idea given at noon was also to short on the rebound. When the whole market is shouting long, I insist on going short. Do not go against the trend of the market. May I ask how many people went long during that drop at noon? Those who wanted to catch the rebound ended up getting stuck or even liquidated, which should not be a small number.
Currently, both the daily and weekly charts are in a bearish atmosphere. The intraday market is likely to fluctuate around the strong support level below, and if it cannot hold, a new round of decline should follow. The strategy remains to short on rebounds, paying attention to the 113000 area above, where short positions can be considered. Support levels below are at 111000-110000. Make sure to set stop-loss orders, and if the key support level is stabilized, then consider going long.