Bitcoin has continued to fall rapidly since 102700, which is basically the same as the previous declines above 100,000. Lao Xiao has always said that it is easy to attack and difficult to defend above 100,000, and you must short it.

Yesterday morning, I was short near 102000, and I held it in the medium term.

Today, I was short at 96900, and now I closed the position near 95300 and took another 1600 points. As for the two short-term long orders that earned 300 to 500 points last night and in the early morning, I didn’t count them. I have prompted to close the positions.

Now it has touched the weekly MA10 support of 95200-95000, and a rebound is expected. But the daily line has now broken through multiple moving average supports in a row, and the risk of going long is also high. Therefore, I suggest waiting for the rebound to continue shorting.

It is recommended to short at rebound 96700-97000, short at 97400, target 94500-93800

The first retracement below is near 93600, stop loss 92500, target 95200-95600