Overall assessment of past trend deductions

Since dropping from 97K, the market is currently around 67K, forming a 4-hour 'triangular continuation'. KDJ has indeed golden crossed, but please remember:

In the main downward wave on the daily chart, all secondary level rebounds are to obtain liquidity from above (Exit Liquidity).

Everyone has been tormented by the rebound after breaking 71K recently, and many people are starting to doubt whether it is the bottom.

Today's chart is here to clear the fog.

The overall 'bearish trend' has not changed at all; it is now just a 'triangular oscillation repair' after the sharp decline.

📉 The latest hunting script is out:

1️⃣ Bull Trap Zone: The price is highly likely to sweep up losses and pierce into $72,500 - $75,500. This is the grave of the bulls, but it is our perfect 'entry zone' for medium-term short positions.

Currently, the KDJ has formed a golden cross, relying on the lower support of $67,200, we can take a small bite of the rebound. But this is just an appetizer! The position must be very small, and when it approaches $70,850, we will gradually run, cutting positions unconditionally if it breaks below $66,000. Don't get emotionally attached to long positions!

2️⃣ Bottom Line Defense: The bull-bear dividing line is pressed down to $75,500. If this line is not broken, we won't talk about a bull market.

The real purpose of this rebound by the main force is to eat away at the stop-loss orders accumulated at $72,500 - $75,500. Once the price enters this pink 'liquidity acquisition zone', it's time for us to swing the scythe! Here we will gradually fill our short positions.

3️⃣ Ultimate Goal: The prey is still in the abyss, C wave endpoint points directly to $58,000.

The lifeline of this major short campaign is officially confirmed at $75,500. As long as the daily candlestick does not stabilize here, we will firmly hold our short positions, watching it crash towards $63,000, or even break through the bottom line to touch $58,000!

You can take the tactical rebound at $67K, but don’t forget to tightly hold the big scythe for short positions. The chart logic is below, feel free to take it. Keep pace with the market and unite knowledge with action.

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