From a technical perspective, Bitcoin has technical support at 920, because during previous bull to bear transitions, there were often issues and black swan events when attempting to rebound at technical levels. For now, observe whether Bitcoin will break below 885 tonight, or if a large bearish candle closes without recovery. If that happens, the probability of reaching 920 again will be very low, so caution is needed. If BlackRock does not sell off tonight, the overall outlook remains bullish. Last night's live broadcast predicted a bullish trend incorrectly; data shows that ETF sales yesterday were over 300, which is relatively small for Bitcoin. The overall trend is still downward, so don't be too optimistic. My current strategy is to short when it rises and buy spot and long positions when it falls.
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From a technical perspective, Bitcoin has technical support at 920, because during previous bull to bear transitions, there were often issues and black swan events when attempting to rebound at technical levels. For now, observe whether Bitcoin will break below 885 tonight, or if a large bearish candle closes without recovery. If that happens, the probability of reaching 920 again will be very low, so caution is needed. If BlackRock does not sell off tonight, the overall outlook remains bullish. Last night's live broadcast predicted a bullish trend incorrectly; data shows that ETF sales yesterday were over 300, which is relatively small for Bitcoin. The overall trend is still downward, so don't be too optimistic. My current strategy is to short when it rises and buy spot and long positions when it falls.