Bitcoin daily K-line is under pressure from the middle track, and yesterday it closed down again. The three bands of the Bollinger Band are all opening downwards, with KDJ and RSI both oscillating downwards. MACD shows no volume, which is simply not enough to support any significant rebound. This kind of continuous downward movement is not that it can't fall further; rather, it is more about grinding and exhausting everyone's patience, making it difficult for the bears to hold their positions, fearing a rebound that would eat into profits, and fearing that the big V (vertical) dragon will rise again, trapping them. At the same time, this is also a bait, allowing a continuous influx of bottom feeders to enter the market, making the bulls feel that it can't fall any further, thus building a bottom! Currently, the lower track of the Bollinger Band supports around 85000. Although the lower track is opening downwards, the bears have not yet opened up, so the downward space is limited, requiring more time to create space—a typical method of exchanging time for space. Whether one can withstand the loneliness depends on each individual's patience!

The short-term 4-hour level price rebound is under pressure from the upper track, forming a small double top near 90500 and pulling back. It has continuously broken below the mid-track support, and the price is pushing lower against the lower track while also helping to open up space for the lower track. The MACD bearish energy continues to increase, and the KDJ and RSI are oscillating downward. The hourly chart shows that the price is also testing the lower track support, so the intraday strategy remains focused on short positions. Currently, there are no small bottoming signals appearing, so it is not sufficient to suddenly change direction or viewpoint! A gradual decline simply indicates that the time has not yet come and does not mean that the decline cannot happen.

Of course, for those without short positions, there's no need to rush. The recent market has been choppy, which is building up for a big move, aiming to confuse retail investors, washing them out, making them lose patience, direction, and courage, and then making its big moves. So when the market rebounds, those who should short should short, rather than regret not getting in when it drops. It’s also not wise to rush out when it’s sideways, only to see it drop again and then start regretting having exited too early! Shorting at a high price is always more cost-effective and safer than chasing shorts. The market outlook is bearish, but don’t chase shorts; entering at too low a position may lead to losses later on, which is uncomfortable. What you should do is cherish every rebound opportunity!

For those holding short positions around 90000 and 3050, you can continue to hold and look lower. For those without short positions, continue to short on rebounds, but do not chase shorts—this is something everyone should remember! I won’t share specific short positions here, as no one likes or interacts with it. It's just a bunch of algorithms; I don't do live streams, and going out for a drink is quite relaxing!#美联储回购协议计划