Bitcoin plunged from the 84,100 high, hitting a morning low of 80,200. After more than 2,000 points of panic selling was released in concentrated fashion, bulls held firmly at the 80,000 level and refused to retreat. The price has begun to stabilize and rebound, currently holding around 80,900; ETH also bottomed out and rebounded in tandem. Yesterday, our two short trades captured more than 1,800 points. After squeezing every last drop of profit from the shorts, it is time to change our approach. Being able to short is a skill, but knowing when to stop and switch direction is wisdom. Opportunities created by a drop are equally worth seizing. If you remain stuck chasing rallies and selling into declines, consider following Huabo's approach going forward—it may change the current situation.
The market has produced its first positive signal since this round of decline: after hitting a low of 80,200, the price did not make a new low, but instead formed progressively higher lows. Dense buying support appeared around 80,000, indicating that panic selling is nearing its end. Structurally, the morning low of 80,200 and the current rebound have formed the initial shape of a minor double bottom. As long as the pullback holds above 80,500, the short-term rebound structure will be confirmed. In terms of volume and price, volume began to contract during the final sell-off, indicating that the bears are running out of ammunition, while the rebound near the key level has begun to come with supporting volume, signaling a quiet shift in the balance between bulls and bears. It must be made clear that this is an oversold rebound rather than a trend reversal, so the targets should not be set too far—quick entries and exits and taking profits when appropriate are the way to firmly lock in the gains from this recovery. The first target above is the previous consolidation zone around 81,700, with 82,400 in a stronger move. The short-term approach is bullish, aiming to capture the oversold rebound.
BTC: Buy near 80,800–81,000 on a pullback, target 81,700; if it breaks through, look toward 82,300 and 82,900.
ETH: Buy near 2,350, targets 2,380 and 2,421$BTC $ETH $SOL #美国9月CPI超预期