In the new year of 2025, I wish everyone in the crypto circle a prosperous trading experience.

Yesterday, I predicted a bearish trend around 96,000, with a 4,000-point range to offer everyone. The only downside was that the price dipped to 96,100, which was 100 points away from the target. Now, the price has rebounded to around 98,000, and the overall trend continues to show regional fluctuations. The upper resistance is below the four-hour midline, and the Bollinger Bands have started to turn downwards, indicating a stronger bearish trend. Therefore, we will continue to focus on short positions for the day.

From a larger perspective, the current pullback cannot be considered a trend reversal; it is merely an episode in the recent rebound. However, due to the mid-term bullish outlook and the short-term pullback, some investors struggle to adapt, often shorting before a rise and opening long positions during corrections. They claim to trade with the trend, but in reality, they are acting against it. Most day traders frequently switch between long and short positions without timely adjustments in their mindset. Asking for directions when you don't know where to go is itself a mistake. Trading without a plan every day and entering positions spontaneously is like a rebellion without cause. As I mentioned before, when you don't understand why you are trading, every candlestick will be a disaster.

For the day, I still recommend considering short positions in the 99,200-99,500 range, with a target around 95,000. These levels are for reference only and do not constitute specific investment advice.

Follow the public account "How to Relieve Worries? Only Jiang Wei."

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