Tonight's upheaval! Bitcoin reborn from the dead? Can we short now? Hurry up and take a look.

Tonight there are two major events, 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, which is a bit concerning. Will Bitcoin fall?

Currently, it still doesn't look optimistic, because oil prices are high, inflation is soaring, and Fed officials are gradually changing their minds from previous rate cuts. Although they are not likely to hike rates soon, a hawkish attitude is a more probable scenario. I see no reason for dovishness.

Personally, I still choose to short around $BTC 7.82万, as there is good resistance here, which aligns with our logic of waiting for a larger rebound before shorting. As for going long, the support at 7.6万 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 7.75 now, which is basically no different from 7.8万.