Black Friday strikes again, with the US-Iran situation escalating, and market risk aversion sentiment rapidly intensifying.

As soon as the morning news came out, Bitcoin directly broke below the 80,000 level, and the market clearly turned weaker. Currently, this is not yet a true trend reversal, more of a high-level correction, but the problem is— the rebound strength is too weak, and capital absorption is obviously insufficient. The bearish sentiment is beginning to dominate again, and the short-term strategy continues to focus on shorting during rebounds. The daily chart has already shown a rare two-day decline, with around 82,850 likely to become the stage high point. Whether new highs can be made later depends on whether the 78,000 level can hold. Once effectively broken below, the downside space will open further; if it holds, then consider buying low on rebounds later.

There’s no need to rush to bottom fish at this stage; first, take the profits from this correction with the trend.

Bitcoin trading suggestion: Continue short around 80,000-79,500, with the initial target near 78,000, and if it breaks down, look further down; if it stabilizes at 78,000, then consider reversing to buy long.

Ethereum trading suggestion: Short around 2,280-2,260, with the target near 2,220; if the support below is effective, then look for low buy opportunities on rebounds.