Summary of January 8th's intraday stone market and overnight trading suggestions

Good midnight everyone! I am Zu Ping. Today was again dominated by bears; our high short strategy perfectly matched expectations. After a slight rebound from support in the afternoon, the market continued to oscillate and retrace. We placed a total of 3 orders in the intraday stone market, achieving a total of 3017 points (details in the image below).

As for today, after a significant decline, the market did not show much of a rebound. The range is consistently moving downwards, causing the bearish tone to extend longer. From a technical structure perspective on the daily line, after touching the upper range at the beginning of the week, the dark cloud cover failed to continue its breakout. The market has been falling for the past two days, with the large bearish candle piercing through the daily midline, directly reaching the 92500 area at midnight. Currently, after the oscillation, the market remains in an extremely weak trend. At this juncture, there is still a high probability that emotions will lead to a view towards the lower range.

The market is like this; sometimes it appears strong on the surface, but it may not last long before turning weak again. Therefore, even if the market turns strong, do not rush to chase the price increase; first, observe the stability of the market. Next, continue to monitor Bitcoin's support at the 92000 level, which serves as a dividing line between bulls and bears. Once it breaks down, the bearish momentum is unstoppable, and the expectation of a drop to 90000 still exists!

Meeting is a kind of fate; as long as you have execution power, leave the rest to me. Do not wait for money to fall from the sky, but rather explore the treasures of making money. I post daily; you just passed by me!