《$BTC breached the trendline and dropped to 85000! Today's rebound at 87500-88000 won't hold, so short it》
BTC broke the key trendline and dropped to 85000, temporarily holding up—let's see if it can bounce back to 87500~88000; if it can't go up, just short it.
Here's how to proceed: Yesterday, BTC rebounded at 87500 by over 2000 points, touching the 90000 resistance, then dropped 5000 points, breaking the upward trendline—clearly dominated by the bears, the bulls just stiffened for a moment and then wilted, so keep an eye on short positions.
Currently, around 85000 it seems to be holding, but don’t go long here: the rebound is too weak, and I haven’t seen the bulls buying the dip; don’t short here either—the drop has been too much and is already oversold, and the support level for shorting is too poor.
Wait for today during the day; if it bounces to 87500-88000 and can’t hold, then set up a short position: this range itself has pressure, and with the current weak bulls, it’s highly likely it won't stabilize at 88000, so shorting after the rebound is safer. If it drops directly without rebounding, then wait for the next opportunity.
Also, the bottom is still rising (80600→83700, hasn’t broken 83700), although the bulls are weak, don’t completely dismiss them, let’s see how it goes later. Trading is actually simple: if the rebound can’t go up, short it; if it doesn’t drop, go long, no need to guess, just know how to operate when it reaches the position.
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