Yesterday, BTC formed a W-bottom pattern. I entered a long position at that time and made several thousand points after the price broke the neckline. As a result, the market quickly dropped again, directly breaking the short-term low. Now the low has reached around 84,000, which has support.

Although the overall trend is still down, I plan to take a chance on a rebound at this support level, with the stop loss set at the previous low.

So now in the range of 85,000 — 85350, I can enter a long position, with the defensive level set at 83,700. If it breaks below this price, I can no longer go long. From a smaller timeframe perspective, it should definitely bounce, with the initial target around 88,000, and to be precise, roughly at 87,500. Once it rises to this position, I'll switch to a short position, maintaining the strategy of buying low and selling high in a swing trading manner.