Lao Bao has done a lot of harm to others. He is trapped.

Why did it fall so sharply? There is no need to dwell on this. Everyone in the market has heard about it. On Black Thursday, from the Fed's interest rate cut at the beginning to Powell's hawkish speech, and then the sell-off in Mentougou in the second half of the night, the price of Bitcoin plunged all the way, and the lowest price fell to 95680, and now the price is around 97700.

It stopped falling at 95680 in the early morning and rebounded to 98390, and then began to retreat. The low of the retracement did not break 95600, and the high of the rebound did not break 98390, so it will not move around 97700 for the time being. This kind of market contract is indeed easy to be damaged. If the stop loss is too small, one or two thousand points will be gone in the blink of an eye. If it is too large, any news will cause the principal to be lost...

Today is Friday, and black swans cannot be ruled out. Whether the hourly chart level can form a W pattern remains to be seen. The upper pressure is 98300 and 98800. If it can break through, the price is expected to go to 100600 and 102800. If it can't go up, we must pay attention to the support around 95800. If it falls below here, the market will test the 92700 line.

In summary, you can short around 98300 and 98800 during the day, and the target is 96500 and 95800. If 95800 falls below and the new low of the early morning falls below, the short position will look at 92700.

On the contrary, if the new low near 95800 is not broken, you can try to take more and look at 98300 and 98800. If the upper 98800 is effectively broken, you can look at 100600 and 102800. #比特币市场波动观察 $BTC