Starting to short on Monday, Old Li reminded multiple times not to go long, but in the end, he silently endured the loss of his own money. On Tuesday, he secured Bitcoin at 2800 points and Ethereum at 200 points, currently on a winning streak for half a month, feel free to inquire.

Bitcoin once again opened up for a downward trend in the early morning with over 10 billion long orders waiting to be liquidated, and the precise slaughter of bulls has just begun with 520,000 people being liquidated.

Analysts from major banks continuously shout for 200,000, and favorable news keeps coming out, which in itself is an extremely dangerous market signal.

Once the support at 94,500--92,800 is broken, everyone can see Bitcoin around 86,000.

I believe everyone understands the principle of a bull market collapsing, which is that every time there is an increase, the bulls with large buybacks are yet to be liquidated. This wave from 104,000 correcting to 90,000 and then quickly rising to 101,800 is in itself a signal to cultivate bullish thinking, slow decline with rapid rebounds, zigzagging downwards, quick and strong rebounds, but the bottom keeps buying in, which itself is a typical downward signal.

From the current 4-hour K-line chart, Bitcoin is facing upward obstacles during its recovery, and it lost the key support point of 95,000 early yesterday morning. In the short term, its rebound trajectory shows a slight upward fluctuation, indicating that the price may continue to trend downward.

Operation suggestions

Bitcoin targets around 98,000 to 98,500 with a goal of 95,000.

Ethereum targets around 3,700 with a goal of 3,550, 3,700, 8,3200.