1/8 Bitcoin market and trading strategy

Yesterday, Bitcoin plummeted, causing a massive market shock. Long positions during the day were hit hard, and a short was initiated around 98600 in the evening, with a take profit at 96200, earning 2400 points.

Technical Analysis:

- MACD: The daily bullish energy bars have shrunk to the zero axis, indicating weak upward momentum and signs of a potential downturn.

- KDJ: Death cross pointing downwards, bearish in the short term, prices may continue to decline.

- K-line and middle track: The K-line is close to the middle track, but the bears are increasing their volume, making the support at the middle track precarious, and a break could open downwards space.

Intraday rebound to short:

- BTC: Short at 97500 - 98000, target 96000 - 95000, stop loss at 98500. If the stop loss is broken, the trend may change, quickly adjust strategies to prevent large losses.

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