Old Cai's friend has eaten, Bitcoin can easily reach a thousand points, and if you don't have Old Cai's friends, don't be anxious. As Old Cai often says, there are plenty of opportunities. If you can't see the direction clearly and can't do it well yourself, it's better to let Old Cai guide you to make a profit.
Currently, looking at the Bitcoin market, the trend has shifted from a one-sided rise to a consolidation phase after a high-level pullback. After encountering resistance at a high, the price quickly retraced, indicating that funds chasing high prices are starting to retreat. However, each dip is being supported by short-term buyers, indicating that a panic sell-off has not formed, but rather a typical pullback digestion in a strong market. Currently, the K-line's rhythm shows that the decline is not smooth, and the rebound does not continue. The long and short forces are pulling back and forth, and the market is digesting the selling pressure brought by the previous surge through fluctuations. Before a new volume breakout or effective breakdown occurs, the overall market remains in a consolidation period where the direction is unclear, making it unsuitable for emotional chasing or panic selling, and it is more inclined to wait for the structure to complete before making the next choice.
Bitcoin short at 88800–89300, target around 86500, stop loss above 89500;
Ethereum short at 2990-3020, target around 2900, stop loss above 3030. #BTC #ETH $ETH
