Has the rebound of Bitcoin ended? Will it drop further? Don't rush, let's take a look.
1. In one night, BTC rebounded by 5000 points, from 74,600 to 79,400. Although the rebound is significant, considering that Bitcoin has dropped from 98,000, this range is actually not too large. So where can we short again?
2. Currently, $BTC has two very clear resistance levels around 80,000 and the resistance zone of 83,000-84,000. This morning, when nearing the 80,000 resistance, it quickly pulled back, which is not surprising; we analyzed it yesterday. However, I believe Bitcoin often tests the top twice and will also fake breakouts, so we can still short at 80,000 or even 80,500, aiming for below 79,000; the opportunity is still good.
3. If 80,000 is a short-term short, then theoretically the best position for a long-term short is at 83,000-84,000. When it reaches that point, I will definitely short strongly, just waiting to see if the market gives the opportunity; the rebound is just a buildup for a larger drop.
4. For the next four months, the Federal Reserve will not lower interest rates. The market is like a rootless duckweed until the new chairman takes office in June, when there will be some changes. It is expected that Bitcoin will drop to 50,000 or 60,000, and $ETH ETH will go to 1,500 or even lower. At that time, entering the market will be the reason, and the bull market in the next three years will bear fruit, rewriting the fate of life.
Recently, we advised everyone to buy the dip at 75,000 during the most extreme panic in the market, then escape at 79,000, as shown in the picture. Many have also shorted a position, operating in real-time every day~



