The extent of BTC's washout in the past two days is jaw-dropping. After falling below $65,500 last night, it hit a low of $62,300, just $500 away from my forecast of $61,800.

Later, in the European and American markets, the price quickly pulled back to the pressure level of $65,500. As long as the price fails to break through $65,500, shorting is still the most cost-effective option.

Those friends who opened short positions and went to sleep in the early morning woke up to a shock instead of a surprise. There is also non-agricultural data to be released tonight, and playing with coins every day is really scary.