On Monday evening, news spread that Trump intends to impose tariffs on Mo Se Ge and Gana. As soon as the news came out, the $140 million longsPosition evaporated within four hours. The market cap of the entire encryption market fell by more than 6%, falling to less than $3 trillion. Ethereum and XRP both fell by more than 10%, while SOL fell by nearly 15% in a single day. Coupled with the previous $1.4 billion By-bitexchangeHacker coin theft incident, the market has not yet fully recovered, and as a result, the house leak happened to rain overnight, and it was one bombshell after another. This lack of resistance 📉 once again illustrates the power of news and uncertainties, and it is enough to show that the encryption market under the new pattern in 2025 is only swing trading, fast in and fast out, lock in profits in time, and transfer profits into your pocket, otherwise you are just playing a number game.

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This round of fall is a downward trend, not like the previous needle insertion, washing the plate at ten thousand points. The breach of the 90,000 mark already represents that there is no support below. The bottom at least needs to oscillate for a few days to confirm. Of course, it is still uncertain whether the fall will continue next! The current pattern and trend are already very weak, and do not take the rebound as a reversal. In a weak market, what we need to do is to short at the high point of the rebound, rather than go long at the low point. What you think is the bottom is actually only halfway up the mountain. This is also a problem that many trapped friends have encountered recently. For the evening strategy, it is still mainly shorting on the rebound. Short-term reference: short below the critical point of 90,000, there may be another wave of linkage after the U.S. stock market opens, so please be patient!
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Outlook and operational advice for the future:
(1) Short-term trend: Weakness continues, beware of further decline
1. Support level: The key support level for Bitcoin is in the range of $80,000 to $85,000, which is close to the low point in December 2024, serving as an important defense line for the market. Once this support level is breached, the market will lose an important buffer zone, and Bitcoin prices are likely to further decline to the range of $70,000, at which point the market will face greater downward pressure.
2. Resistance level: After breaking through the $90,000 mark, the role has reversed, changing from a previous support level to a strong resistance level. The key to the subsequent market trend lies in whether Bitcoin can reclaim this key level. If successful, it will be strong evidence of a market rebound signal; otherwise, if the market continues to be under pressure below this resistance level, the market will remain in a weak trend.
(2) Operation strategy: mainly short, control risk
1. Short-term: For short-term traders, it is essential to closely monitor the short-term fluctuations in the market. When the price of Bitcoin rebounds to the range of $88,000 - $90,000, traders can cautiously attempt a short position. Setting a stop-loss is key to risk management. It is recommended to set the stop-loss above $92,000 to control potential risks. The target price can be set around $85,000 to capture profit opportunities in the short-term market fluctuations. The U.S. stock market opens at 21:30 Beijing time. After the opening, market fluctuations may occur due to the spillover effect. Traders should closely monitor market sentiment and adjust their positions flexibly to respond to market changes.
2. Medium-term: In the current market environment, medium-term investors should maintain a cautious attitude and avoid blindly bottom fishing. Bottom fishing often comes with huge risks. Before the market trend clearly reverses, rash bottom fishing may lead to deep traps. Investors should patiently wait for clear fall signals to appear, such as the emergence of consecutive bullish candlesticks, indicating that long positions in the market are gradually strengthening; shrinking trading volume, signaling a decrease in market trading activity and alleviating selling pressure; policy easing, releasing positive signals favorable to the market, etc. At the same time, keep a close eye on the progress of the Bitcoin reserve bills in Arizona and Utah. If the bills are passed, it will inject a shot in the arm for the market, becoming a short-term positive factor and bringing new investment opportunities for medium-term investors.