Big change tonight! Is Bitcoin coming back from the dead? Can we short now? Come and take a look.

There are two major events tonight, both very critical. The first is the Federal Reserve minutes release at 2 a.m., which will include Fed officials' views on interest rate cuts and hikes, and it's a bit concerning. Will Bitcoin fall?

Currently, it still looks not very optimistic, because oil prices are high, inflation is surging, and Fed officials are gradually changing their stance from previous rate cuts. Although they are not likely to raise rates soon, a hawkish attitude is a more probable scenario. I see no reason for a dovish stance.

Personally, I still choose to short around $BTC 82,000, as there is good resistance here, which aligns with our strategy of waiting for a larger rebound before shorting. As for going long, the support at 76k has already been mentioned by Qing Yao, who gave us a second entry opportunity last night. It looks effective now. For safety, you can take partial profits at 77,500, which is basically no different from 78k.