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The short position was closed early, resulting in a loss of a thousand points.
The bearish trend continues strongly, with a reversal in the evening making a profit of 2,000 points.
Given the current momentum of Bitcoin's pullback, if the price breaks below the 73,000 mark tonight, it really has a chance of falling below the 70,000 mark #BTC☀ $BTC $ETH
The multi-head rebound is not broken. It is difficult to continue. Now it continues to fall. So it cannot go up again, at least it cannot go up now. It still needs to focus on short positions.
So it may continue to fall tonight, then extend to break the bottom, returning to the 73000 mark. If it breaks down, it will continue to go down #BTC☀
Bitcoin experienced a large-scale decline yesterday, once again deeply retracing over 5000 points, catching the bulls off guard. During this wave of pullback, Jiang Wei has also been thoroughly educated.
The Bitcoin price dropped overnight to a low of 73000, then rebounded and is currently in a consolidation phase around 76000. From a four-hour perspective, the price is still operating in the middle-lower range, and the bulls have not yet gained full upward momentum. However, this pullback has not continued to decline, which can be seen as a short-term upward trend.
On the daily candlestick level, the current position is at the bottom. Without strong volume from the bears, the price is expected to make a rebound. Even if the bears continue to decline, they will have to wait for this rebound before falling again.
In the evening, the strategy for Bitcoin can refer to going long directly at the 76000 level, with targets looking towards a breakthrough at 78000, aiming for the 80000 level $BTC $ETH #BTC☀
You are all those kinds of immortals; the same price points others can profit from, but you cannot, and it’s my fault?
I don’t owe you anything, it’s really funny, just thinking about it makes me speechless. No need to talk about the unhappiness.
Looking back at the market, yesterday it finally stopped falling at the 73000 level and rebounded. The price is now testing the mid-level on the four-hour chart. I think it will still rebound, so the 76000 level can be a buy, targeting the 78000-80000 range. #BTC☀
Bitcoin continued to deeply retrace in the evening session, the bears are killing it madly. This wave has cut off the retreat of many troops. Let's see if this wave can hold. If it can't hold, then the price will break new lows. It is very likely to go to the 6 mark at #BTC☀ .
Looking at the current stage, the price is gradually moving in a step-like pattern
With the Spring Festival approaching, if you want to feel at ease, rest assured, and worry-free, Jiang Wei specially invites several guests to co-create the cryptocurrency world. #BTC☀
The big pancake at this 78000 mark seems to have lingered for a long time. I think it will rise again tonight. First, I'll have dinner with friends, and in the evening, I'll gaze at the river view, watching the market, is it okay to guard and protect for everyone! #BTC☀
The Bitcoin market sentiment has slipped into a deeply bearish zone, mirroring the state during last November's sell-off, although prices are attempting to stabilize after a significant pullback in late January.
Data shows that the number of negative comments related to Bitcoin has surpassed positive comments for the first time in the past two months, which intuitively reflects the growing pessimism among retail traders following the dramatic price drop.
Since January 28, Bitcoin has cumulatively fallen by about 16%, with prices once dipping to around $74,500, followed by a phase of rebound. In the past 48 hours, the price has shown initial signs of stabilization, currently rising to around $78,700, with a slight daily increase of just over 2%, yet the price remains well below the previously established short-term psychological support level of $80,000.
The Bitcoin daily chart shows signs of being oversold.
Technical indicators further highlight the intensity of the recent sell-off, with Bitcoin's 14-day relative strength index (RSI) having fallen to around 29, firmly residing in the oversold zone and close to historical levels that typically accompany short-term rebounds.
During the price drop to $74,500, market trading volume simultaneously increased, indicating that a capitulation-style sell-off occurred rather than a gradual decline. However, subsequent buying pressure remains limited, making it difficult for the price to recover the lost support range of $80,000-$85,000.
From the current market perspective, prices are beginning to rebound on lower volume, and minor pullbacks can be seen as a buying opportunity near $78,200, with a target around $80,000, and a stable breakout could look towards the $82,000 level #BTC☀ $BTC $ETH .
The market is starting to fluctuate, currently rising with reduced volume, retracing to the 78200 position, bullish directly, first target at the 80000 mark, if it stabilizes above, the 82000 mark can be seen #BTC☀
The current price of BTC is fluctuating back and forth, it can be said that the market is providing benefits. Just now it looked bullish at the bottom, and then it surged by 2,000 points.
Now the price has rebounded to the position for a bearish setup, and it can be shorted next. #BTC☀
Can we hold on until the Spring Festival, making gradual progress every day and moving forward steadily? Let's all enjoy a prosperous year together. #BTC☀
The bearish strength remains unchanged, continuing to short around the upper level in the morning. Once again, we captured 2500 points. The community is excited.
As mentioned, the current trend is in a low-level oscillation, with a tug-of-war between bulls and bears, so we try to maintain a bearish outlook from above.
In the evening, we continue to look for bearish opportunities around the rebound near 77500-78000, targeting the 74600 level #BTC☀ $BTC $ETH
At first, people thought it was just a small correction for BTC, and it was still a bull market…………until BTC broke below 60,000, 50,000, 30,000, 10,000………5,000…… Ten years later, when the child asks: "Dad, did Bitcoin really reach 126,199 dollars?" You, who are working at the construction site: "Yes, child, although Bitcoin is only 100 dollars now, Dad really bought Bitcoin at 126,199 dollars." Child: ……?#BTC☀️
btc is currently fluctuating at a low level, with yesterday's short position reaching the first target of 2300 points.
In the four-hour timeframe, it is currently in a short-term bearish contraction state, and there may be a short-term rebound. However, the overall bearish trend remains unchanged, so we continue to short above the rebound.
You can refer to the 79400-79800 area to short in batches, with a target near 76000. #BTC☀ $BTC $ETH