Please be patient. The fact that I haven't formulated a trading strategy indicates that I'm also waiting and observing the market.
Let me update my market view and expectations.
Firstly, the support level I'm watching is around 74508. I was hoping it would break below the 2D level turning point before entering, but at that time it was $42 away. Also, capturing liquidity at this level could lead to significant volatility. I would consider entering if a strong rebound occurred, but this expectation didn't materialize, so the subsequent rebound was irrelevant to us.
As for whether it will fall further, I think it's still possible. If it does fall further, we need to observe and patiently wait for a signal before entering.
Furthermore, we've entered a zone of strong demand, so attempting short positions now requires extreme caution and should only be done with small amounts of capital. The nearest resistance is around 80600, and the further resistance zone is around 86000-88000.
Please pay attention to these areas to look for bullish or bearish signals!
BTCUSDT
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