Waking up, the US Dollar, gold, and Bitcoin all experienced a significant plunge; this week's trend is very crucial, what exactly happened in the market? Whether you are a business mogul or a social elite, as the second most rhythmic man on the internet, I want to emphasize a few points about the intraday Bitcoin trend!

1. Overnight, the international capital market witnessed a dramatic plunge, first the US Dollar fell, then gold, and after gold, Bitcoin dropped. The old saying can be summed up in two words: thrilling!

2. Last night during the US trading session, Bitcoin experienced a short-term downward fluctuation, and as the US market opened, there was a wave of accelerated decline, reaching a low of 94.5k before a slight rebound, the short-term trend was in line with expectations!

3. Market rumors suggest that Citron Capital (a well-known Wall Street hedge fund, skilled at short selling) shorted MicroStrategy (the publicly traded company that holds the most Bitcoin), which led to a sharp drop in its stock price, dragging Bitcoin down!

4. The short-term trend of Bitcoin has turned bearish (1-hour level), and without any sudden news impacting it, intraday contract traders are mainly shorting at highs, with resistance at the 96.6k level above and support near 93.2k below!