Has Bitcoin's rebound ended? Will it fall further? Don't rush, let's take a look.


1. Bitcoin rebounded a full 5000 points overnight, from 74,600 to 79,400. Although the rebound was significant, considering Bitcoin dropped from 98,000, this move isn't too large. Where can we re-enter short positions?
2. Currently, $BTC has two very clear resistance levels around 80,000 and the resistance zone between 80,300 and 84,000. Early this morning, it quickly pulled back near the 80,000 resistance, which we didn't find surprising—it's been analyzed yesterday. However, I think Bitcoin often retests the top twice and may fake a breakout, so we can short around 80,000 or even 80,500, aiming to cover below 79,000. The opportunity is still good.
3. If 80,000 is a short-term shorting level, then the best long-term short position would be around 83,000 to 84,000. Once it reaches that level, I will definitely go heavily short—it's just a matter of whether the market gives us that chance. The rebound is setting the stage for a bigger decline.
4. The Federal Reserve won't cut interest rates in the next four months. The market is like a rootless boat—only when the new chairperson takes office in June will there be a turning point. Bitcoin is expected to fall to 50,000 or 60,000, and $ETH ETH could drop to 1500 or even lower. When that happens, it will be time to enter the market. The next three years could see a bull market, and people's fates will be rewritten.
Recently, we advised everyone to buy the dip at 75,000, entering during the market's extreme panic, then escaping at 79,000 at the top.
BTC0,22%
ETH0,45%
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