The previous article (Qingmei Zhuobi: Is Bitcoin going to rise to a new high or fall below $80,000?) mentioned that 'this Friday (January 10) at 21:30, non-farm payroll and unemployment rate data will be released, so the market this week may retreat for risk avoidance.'
Today, the daily line closed with a long bearish candle, forming a bearish engulfing pattern, which poured cold water on the market, and no one in the group was willing to speak.
I reminded everyone in the group yesterday morning not to chase the market.
I reminded everyone in the group last night that ETH might be peaking.
After the market closed bearish, Bitcoin has three key positions.
One is that there is a high probability of a rebound at the yellow upward trend line.
Secondly, if the yellow trend line breaks down, 85500 is a strong structural support.
3. If 85500 still breaks down, a relatively reliable entry position is at the CME BTC gap.
The price of CME BTC futures is not the same as the price on Binance; if it really drops to the gap, I will remind everyone.
The above three points are relatively certain; the rest will be observed as we go along.
