During the National Day holiday, there was a continuous short squeeze and bull trap. A few days after the holiday ended, we immediately welcomed a black swan event, and this big dump will probably crush many people. Although there has been some rebound currently, we still maintain a downward strategy. Yesterday, BTC's rebound was still a technical recovery. There is still potential for further dips ahead.

After the recent rebound, it should still be at a low level, undergoing fluctuations. In the future, I personally believe that 110,000 currently cannot be held, and if it breaks 110,000 again, it is expected to experience a big dump. Currently, it is very difficult to stay above the moving average even at the 4-hour level. It is still a bearish pattern that is likely to gain momentum later. Therefore, the main focus remains on the downside.

BTC operation suggestion: around 115000, go south.
Target: 112000 During the National Day holiday, there has been a short squeeze and a big dump, continuously creating a bull trap. A few days after the National Day ends, we will immediately face a black swan event, and this big dump will likely crush countless people. Although there has been some rebound currently, we still maintain a downward strategy. Yesterday's BTC rebound was still a technical recovery. There is still potential for further dips ahead.

After the recent Rebound, it should still be at a low level, undergoing fluctuations. Personally, I believe that it is currently difficult to hold above 110,000, and if it breaks below 110,000, it is estimated that there will be a waterfall effect. Currently, even on the 4-hour level, it is very difficult to stay above the moving average. It still represents a pattern of the bear market gaining strength. Therefore, the focus is still on looking down.

BTC trading suggestion: around 115000, go south.
Target: 112000#加密市场反弹