The ten-thousand-point waterfall has finally arrived. Last night we also emphasized that if the daily line breaks the 95,000 support, it will pull back to 92,000, with a minimum approaching 92,600.

From a technical perspective, the daily line is overbought and diverging; normally, the pullback that should have occurred long ago has been dragged out to around 100,000. Therefore, we can see why, despite the severe drop in Bitcoin yesterday, altcoins like Ethereum and others rose instead.

Since we have started to pull back, we need to reassess the upcoming trend and cannot blindly go long anymore. Today, we will attempt to short; we will short during the morning rebound at 95,600-95,800, looking down to 92,000!