Yesterday, it was mentioned that Bitcoin was about to experience a decline, and in the evening, the price began to drop continuously. This trend has continued into the morning session, with the price hitting a low around 92,000. It was said that this week it might drop below 90,000 and return to the 80,000 range. To be honest, we are only 2,000 points away from that, and reaching it is just a matter of time. Yesterday, I publicly mentioned a short position around 96,000 in other communities, and it has been quite profitable.

The daily and weekly K-line levels have started to show sustained large bearish candles. The daily price has now fallen to near the lower band. If it breaks below and stabilizes downwards, then the real flood of shorts will have arrived. This includes the weekly K-line level, which has seen consecutive declines with fragmented bearish and bullish candles, and only today has it started to show a large bearish trend. It is evident that the bears will take significant action this week. In any case, I am relatively optimistic about the decline recently, and today I still expect further drops.

The recommendation is to boldly short above 93,000 during a rebound, with a short-term target at the 91,500 level. As long as it breaks below, there will be no support, and then we can confidently look towards the 85,500 mark.

What can relieve worries? Only Jiang Wei. Follow the public account.

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