Some brothers still ask why only look at the downtrend. At least take a look at the weekly chart. After the high point of 126,000, it's already been two months, and out of ten weekly lines, eight are down.

It's simply a vertical drop, falling harder than in 2018 and 2022. This can only be attributed to the consistent selling behavior of large funds, crushing all the buyers.

The intensity indicates a continuous large volume selling, and it's an active market manipulation, not the behavior of holders in the crypto space. This contradicts the current narrative of everything being on-chain and the competition for control of Bitcoin.

It shows that these large European and American funds are confident in buying back more chips. How can they obtain more chips? They can only do so by staying below the price of the market crash for a long time.

Currently, the market has crashed to 80,000, and the three-day line is actually quite clear.

Looking closely at the three-day line, after the bottom of 80,600, it forms a pattern of equal high and equal low lines, with the first three lines showing the bulls attacking to compete for the equal high position of 92,500.

Among the three middle lines, they are competing for both the equal high line and the equal low position of 89,000.

Currently, the bulls have broken the support after more than half a month. No matter how the bulls try to push, they ultimately couldn't add 95 units of fuel.

Don't be fooled by the daily chart's ups and downs; the weekly chart remains completely still.

Don't underestimate Japan's interest rate hike. In the last two times, Bitcoin fell more than 20%, with a single-day spike of 10%. Ethereum even had a single-day volatility of 30%, which is quite exaggerated.

Since the three-day line has already deteriorated, it is certain that it needs to find a bottom. Currently, the lower bound is 87,500, and the trend line is the red line drawn in the image, with the bottom around 75,000. That's why I mentioned 75,000.

Currently, the trend line is above 90,000 and below 75,000.

So in the short term, entering a short position near 89,000 is also the weekly opening price, around 85,000 just to observe. If it breaks 80, then consider the issue of stage-based bottom fishing with the number #btc .