Tuesday Analysis

Last night, Bitcoin fell into a panic selling wave along with the U.S. stock market,

with prices dipping below 94,000 at one point.

This drop had no obvious negative reasons,

and occurred at the peculiar hour of 5 a.m.,

its intent is clear,

which is to trigger leveraged positions during the Asian trading session break,

while also not giving investors a chance to buy the dip.

Excessive long leverage is a hidden danger in a bull market,

currently, the market is adjusting through selling and pinning,

although intense, it also resembles a necessary purge!

From a technical perspective,

although Bitcoin has found some support and rebounded at low levels,

the current structure suggests that repeated adjustments and fluctuations are inevitable in the short term,

expected to last about 1-2 weeks,

therefore, under the overall trend framework,

at low levels, one can aim for a rebound, and at high levels, one can also position for short orders!

It is still necessary to return to the larger trend,

a significant correction does not equate to the arrival of a bear market,

a bull market is not a straight upward trajectory,

it will inevitably experience multiple midnight crashes followed by rebounds in a cyclical manner,

historical experience indicates it is merely a normal corrective phenomenon in the bull market process.

On Tuesday, Bitcoin rebounded from 99,000-99,200 for short positions, with a target of 97,000-95,000,

Ethereum rebounded from 3,830-3,850 for short positions, with a target of 3,700-3,650!