Yesterday, Bitcoin rebounded at the lower boundary of the ascending channel at 88000, then it dropped significantly. The 4-hour chart showed a long upper shadow, which is a typical sign of a rebound after a breakdown that cannot regain its position. However, Bitcoin did not drop to a new low, while altcoins have all reached new lows due to the significant drop. This is a typical signal of continuing decline after breaking the ascending trend line. Tonight's CPI and tomorrow's interest rate hike by the Bank of Japan, if it cannot return to an upward trend, then it may be time to liquidate positions for risk aversion.

Due to attending the Dubai conference at the beginning of the month, last week's review post was paused for a week, thank you for your patience! Now let's get straight to the point! Bitcoin at 80600 has bottomed out and has rebounded for three weeks now, which can be said to be mediocre. Apart from Ethereum being relatively strong, other coins including Bitcoin have shown average rebound strength. Bitcoin has formed five or six resistance levels but still cannot break through the 94000 pressure, falling short of Sister Bei's expected value.
This week, before and after the interest rate cut, Sister Bei took advantage of the relatively high position to reduce her holdings by 35%, completely clearing out the altcoins, liquidating pengu, ray, sui, ada, and bnb, and closing all risk exposures. She also reduced her holdings of pepe by 50% and sol by 30%, mostly at a loss. Her actual account now only has 770000 left, still in a halved state, it hurts!