Bitcoin yesterday initially dipped to 78,700, then sharply reversed in the evening, surging to around 82,000. This rally can be considered the darkest hour for the bears, with a large number of low-level short positions being stopped out. Currently, the long-term short position at 81,800 remains held without change, with plans to add at the 82,800 resistance level, but it’s uncertain whether an opportunity will present itself.

The current coin price still remains above 80k. If you want to re-enter and continue participating in long-term shorts around 81,800, the market last night rebounded to this level but then faced resistance and pulled back, indicating some selling pressure. Conservative traders can place short orders at the 82,800 resistance level. If successfully entered, the short-term target is first set around 79,500, a level where there were two previous rebounds, which proved effective. Short-term profits can be taken here, with a medium-term target of 74,500, and the long-term trend remains below the 70k mark.