9.9 Bitcoin $BTC Entry: short around 793-797, stop-loss at 805, target 780-770 Starting from the high of 81143, the market formed a descending channel with *successively lower highs and continually renewed lows*: after surging on September 7, it quickly plunged; on September 8, it continued to fall and hit a new low; the rebound on September 9 failed to reclaim even the halfway level of the preceding bearish candle. Every rebound high was lower than the previous high, and every decline low was lower than the previous low. The descending structure remains intact, with no signal of a breakout reversal. During the decline, the bearish candles had large bodies and the sell-off was fast, indicating strong bearish momentum; during the rebound, the bullish candles had small bodies and lacked upward strength, constituting a typical *low-volume weak recovery*. This means there is no active buying support from the bulls, but only a slight rebound caused by a temporary pause in the decline. Once the recovery is complete, the bears can easily resume selling and drive the price lower. #英特尔逆势大涨超9%

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9.9 BTC Market Analysis Long: around 78300, stop loss below 77800, targets 79200/79500 BTC current price: 78782.4. After establishing a low at 77600.1, the lows have continued to rise, and the price has moved above the 7-period moving average. The short-term rebound rhythm is clear, with stable buying support below. The 30-period moving average has flattened from a low level and begun to edge upward, while medium-term selling pressure is gradually weakening. A bottom-repair pattern is taking shape, with potential for further upward expansion. Once 78100 is effectively breached to the downside, the rising-low structure will be broken, invalidating expectations for this round of recovery. No long positions will be considered further. $BTC #Gate全球首发股票事件合约