1/8 Bitcoin Market and Trading Strategy

Yesterday, Bitcoin plummeted, causing a massive market shakeup. Long positions during the day were hit hard, and a short was taken near 98600 in the evening, with a take profit at 96200, earning 2400 points.

Technical Analysis:

- MACD: The daily bullish energy bars have shrunk to the zero axis, indicating a weak upward trend with signs of a potential bearish reversal.

- KDJ: A death cross pointing downwards, indicating a bearish short-term outlook, with the possibility of continued price drops.

- K-line and Midline: The K-line is near the midline, but bearish volume is increasing, leaving the midline support precarious; a break could open up downward space.

Intra-day rebound for shorting:

- BTC: Short at 97500 - 98000, target 96000 - 95000, stop loss at 98500. If the stop loss is broken, the trend may change, quickly adjust the strategy to prevent large losses.

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