Never look for support to bottom fish and go long in a downtrend; the correct approach is always to wait for a rebound to a resistance area before arranging a short position!

Over the weekend, the major players were basically resting, and the market was fluctuating within a range of just 500 points, with bots constantly churning out waves. Adding to that, ETF funds continued to flow out yesterday, and the bearish trend hasn't changed at all.

Those holding short positions should stay put and keep their mindset calm. The bottom is formed by the market's movements; there's no need to fear missing out on shorts—opportunities will come sooner or later.

Keep a close eye on the key support level at 57,700. Once it breaks effectively, the next target is the 53,000-55,000 range, with no support in between. The upper resistance is stuck at 61,800. Without a firm break and hold above that level, the market will quickly drop again. In terms of strategy, stick to the idea of shorting on bounces! $BTC $ETH #美光市值超越Meta跻身全美前十