1. On Monday, it dropped from 91,000 to below 84,000, and last night (Tuesday) it directly reversed back to 92,000. This kind of drop and then V-shaped reversal is a deliberate effort by the main force to make Bitcoin fluctuate significantly within a large range of 80,600 to 93,000, harvesting liquidity (reaping the opponent's positions). This kind of liquidity harvesting trend may continue in the short term, and the short-term trading range remains 93,000 to 80,600. The market will drain liquidity within this range, and prices will be trapped in very small fluctuations; this kind of A-kill and V-reversal trend will only end when the range between 93,000 and 80,600 is not chased for highs and lows.
2. To reiterate, the long-term upward trend over the past three years has ended, and Bitcoin has entered a bear market that will last over a year. We are currently in the transition phase from the early to mid-stage of the bear market, and any upward movement in the short term is merely a rebound from the early bear market dropping from 126,200 to the 80,600 range, not a reversal, just a flicker of light.
3. If 80,600 can hold for a while, the short-term pressure and intraday resistance are near 93,000. The trend after breaking above 93,000 will also fluctuate repeatedly. In a bear market, the trend after the market breaks through short-term resistance is mostly weak, making it easy to reverse back down.
4. After harvesting liquidity back and forth in the range of 80,600 to 93,000, there is a high probability that the short-term market can stand above 93,000, but it is also likely to experience a reversal. After fluctuating back and forth around 93,000, the market may oscillate upwards to test 97,000 to 100,000.
5. The rebound trend after dropping from 126,200 to 80,600 will be obstructed by the 120-day moving average and the 288-day moving average within one to two months in the daily K-line cycle. A future high-value shorting opportunity for Bitcoin will arise when the daily K-line is simultaneously obstructed by the 120-day moving average and the 288-day moving average.
6. Do not chase highs and lows. In the short term, focus on opportunities to buy low around 86,000 or below. #比特币