On Saturday, Bitcoin once again sharply declined, directly falling below 78,000. This market behavior was clearly emphasized last night, which is to go short. The entry point we provided was very close to the current price. Last night, we suggested shorting at 79,400. As expected, there was a rebound at 79,400 in the early morning. During the session, at this level, we directly advised students to short. We updated our strategy again, urging everyone to continue shorting. After a full night’s sleep, the price suddenly plummeted. Originally, the plan was to exit at 78,500, but as the market clearly accelerated its breakdown, we directly advised students to hold their positions. Just now, after breaking below 78,000, all positions were closed for profit. Actually, since last night, we started to turn around and short, then in the evening, we indicated a short at the current price. The thinking has been very clear: avoid stubbornly shorting or longing, but instead adjust according to market changes.

Currently, from a technical perspective, the overall market is in a rapid transition from a high-level bullish profit-taking phase to a decline, with daily and weekly charts closing lower. Over the weekend, I expect further weak adjustments. The four-hour chart shows a unilateral weak decline, with increasing volume during the acceleration. The short positions we turned around and shorted yesterday, along with the openly suggested shorts in the entire network last night, have been driven by this continuous downward trend, expanding the profit space for shorts. The four-hour chart currently shows a relatively weak performance, with a short-term weak unilateral decline. After consolidating and gathering strength, the intraday short-term strategy remains to buy on dips and short on rebounds, and over the weekend, continue to look for breakdowns to the downside.
Today, for short-term trading, I personally suggest being more aggressive and shorting at any point. For those waiting for specific levels, consider shorting around 78,500-79,000, with targets near 77,000. #btc