Pay attention to the secondary retest during the rebound, whether it will be a continuation or divergence, it will be clear on Monday. Good morning, brothers. Old A took a rest this weekend and didn’t update the blog. Many brothers chose to bottom fish around 8W, since this position isn't far from the chip peak at 7.5W, and the BTC ETF also saw an inflow of $238 million last Friday, turning green, indicating a possible bottom formation.

Old A believes that if this is indeed the bottom, there is a high probability of a second test followed by another stretch upwards. It’s important to note that the kind of rapid and large-scale drop we saw last week may not happen again, but the bearish trend has not yet changed, and we are still on the left side of the curve. For the day, consider shorting first and then going long. Focus on the 84000/2700 line below—if it holds, you can reverse and go long; around 87000 go short, add more shorts around 87500-88000, target 84000; for stronger moves, target 80500. For 2820-2850, go short, add more shorts around 2880, target 2660; for stronger moves, target 2550.