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BTC broke below the upward trend line yesterday and found short-term support after dropping to the 85,000 level. The key point to watch now is: can it rebound to the 87,500–88,000 area? If it can't go higher, then continuing to be bearish is the main strategy.
Looking at yesterday's movement, BTC rebounded near 87,500, gaining over 2,000 points, and even touched the pressure zone around 90,000. But then it quickly turned down, with a 5,000-point drop that directly broke through the previous upward trend line. What does this indicate? The market bearish forces are dominating, and although the bulls struggled briefly, their momentum is severely lacking.
What’s the next step? This is very critical. BTC shows signs of halting the decline near 85,000, but my advice is not to rush into buying the dip. The reason is simple—the rebound is too weak, and there’s no sign of strong bullish bottom-fishing. This level is more about technical oversold conditions rather than a reversal signal.
Can you open a short position directly? Not really. After falling so much, opening a short near oversold levels is too risky and not a good entry point. Instead of risking here, it’s better to wait for a rebound.
The most prudent plan is: **If BTC rebounds to around 87,500–88,000 today and successfully stabilizes, that is the golden opportunity to short.** Because 87,500–88,000 itself is a resistance zone, and given the current weakness of the bulls, it’s unlikely they will break through 88,000. So, high shorting after a rebound is the correct approach—short after a bounce, with better risk control.
If no rebound occurs and BTC breaks down directly, then miss the trade and wait for the next opportunity—there's no need to chase shorts.
From a technical perspective, the bottom is still rising— the first bottom was at 80,600, the second at 83,700, and it has not yet fallen below 83,700. Although the bulls are weak now, we can't completely rule out the possibility of a rebound later. The market still requires ongoing observation.
Trading is actually that simple: if it can't rebound higher, go short; if it can't fall further, go long. No need to guess in advance; as the price reaches key levels, the trading direction will become clearer.
The 88,000 barrier is something the bulls simply can't get through. Being high up is indeed the most comfortable strategy.
Waiting for the rebound to open a short position. Chasing shorts now is purely suicidal.
This wave's rhythm is actually just rebound, crash, rebound, crash—nothing complicated.
The bottom is still rising. Don't be too pessimistic before breaking 83,700.
The bulls are just struggling and losing momentum; the bears are definitely in the lead.
When 87,500-88,000 truly can't hold, that's the best time to open a short.
Honestly, entering now carries huge risks regardless of long or short positions. Just wait and see.
The rebound strength is weak to death. What does that mean? It means the bulls really can't hold on anymore.
This high-altitude rebound opportunity—miss it, and you'll have to wait for the next one.
The bulls are already out of the game, and the rebound just can't push above 88.
Just looking at how weak the bulls are, I'm decisively going short on this wave.
To be honest, entering now is just asking for trouble; it's safer to wait for the rebound before acting.
The bottom is still rising, so there might still be opportunities later; keep watching.
Wait, is 88,000 really that hard to break through? Why do I feel this rebound is a bit strange?
With this mindset, I would have already cut losses early, but stopping loss is indeed important.
Those trying to bottom fish are crying, and those waiting to short the rebound are also waiting. Who can catch the move perfectly in such a bullish market?
The key is whether 88 can hold firmly; if not, it's really dangerous.
Never mind, I’ll just watch lying down. Chasing highs and lows is doomed anyway.
I'm actually worried that the rebound might directly push to 90,000, which would cause huge losses for short positions.
Breaking 83,700 is truly the end; there's still hope now.
I believe in the technical support logic of this bottoming, a rebound is inevitable.
Waiting for the rebound is a safe approach, but I'm afraid of missing out and reaching the sky.