Pay attention to the second retest after the rebound, whether it will consolidate or diverge—it all depends on Monday. Good morning, brothers. Old A took a break over the weekend and didn't update the blog. Many brothers chose to bottom fish near 80,000, since this position isn't far from the main chip peak at 75,000. The BTC ETF also saw an inflow of $238 million last Friday, turning green, showing signs of a possible bottom. Old A thinks that if this is indeed the bottom, there's a high probability of a second test followed by another rally. It's important to note that there may no longer be such sharp and rapid dips like last week, but the bearish trend hasn't changed yet; we are still on the left side. For intraday trading, start short then go long. Watch the 84,000/2,700 line below; if it holds, you can go long on the rebound. Short near 87,000, add to shorts around 87,500-88,000, target 84,000. If momentum is strong, target 80,500. For 2,820-2,850 shorts, add around 2,880, target 2,660. If momentum is strong, target 2,550.
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Pay attention to the second retest after the rebound, whether it will consolidate or diverge—it all depends on Monday. Good morning, brothers. Old A took a break over the weekend and didn't update the blog. Many brothers chose to bottom fish near 80,000, since this position isn't far from the main chip peak at 75,000. The BTC ETF also saw an inflow of $238 million last Friday, turning green, showing signs of a possible bottom. Old A thinks that if this is indeed the bottom, there's a high probability of a second test followed by another rally. It's important to note that there may no longer be such sharp and rapid dips like last week, but the bearish trend hasn't changed yet; we are still on the left side. For intraday trading, start short then go long. Watch the 84,000/2,700 line below; if it holds, you can go long on the rebound. Short near 87,000, add to shorts around 87,500-88,000, target 84,000. If momentum is strong, target 80,500. For 2,820-2,850 shorts, add around 2,880, target 2,660. If momentum is strong, target 2,550.