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Shorts Night of Carnival! Don't randomly buy the dip in the early morning!
The one-hour level downtrend has been fully confirmed; stop holding onto luck and avoid catching falling knives!
Yesterday morning, Bitcoin started from the high of 81,581, showing a very clear ladder-like decline: each small rebound was directly broken through by a full-bodied bearish candle, with lows and highs continuously moving downward, forming a textbook-style downtrend structure.
The price successively broke through several key support levels such as 80,800, 80,600, 80,400, and dipped as low as around 79,801, with the bulls almost failing to mount any effective resistance during the process.
From the one-hour chart in the evening, the overall trend in the early morning was slightly bearish, with short-term considerations favoring a rebound to short, and it is not recommended to chase longs directly.
The current price hovers around 79,983, just one step away from the previous low of 79,801.
A technical rebound may occur in the short term, but the overall downtrend remains unchanged.
In terms of trend continuation, "going with the flow" is always the safest choice in a declining market; as long as the rebound does not break the previous high, every pullback is an opportunity for the bears.
Trading suggestions:
Short around 80,300-80,600 for Bitcoin, with a target near 78,800
Short around 2,285-2,300 for Ethereum, with a target near 2,220