Recently, the small range retracement trading strategy we implemented has achieved certain results in the market. Although the trading frequency has decreased compared with Saturday, investors can still gain certain benefits from it.

Looking back at the weekend, we have pointed out that the market showed a trend of slight fluctuation and weakening. This morning, against the background of the Nasdaq futures opening high and going high, the BTC price failed to follow, but instead hit a recent low of 93,600, which has fallen below the lower edge of the large range of 94,000-107,000 that we had previously predicted. In the analysis on the 21st, we have clearly pointed out that when the BTC price is close to or below the lower edge of the range of 94,000, the success rate of long operations will be relatively high.

In the afternoon, the Nasdaq futures gave up some of the gains after rising, while BTC showed a certain degree of independence, and the price showed a slight rebound trend. However, it is worth noting that the high opening and high movement of the Nasdaq futures is not a positive signal for the market. If its gains continue until the opening of the US stock market, the probability of a high rise and fall is relatively high. On the contrary, if the Nasdaq futures show a trend of opening low and going low, it may trigger a rebound from bottoming out.

In view of the current BTC market situation, we make the following suggestions:

1. For investors who are long near 94,000 in the morning, they can consider reducing or closing positions in the range of 96,400-97,400 to lock in profits.

2. It is recommended to arrange short operations near 97,300, with a stop loss point set at 98,900 and a target price near 94,000. For investors with higher risk appetite, they can consider shorting with a small position near 96,500. If the price rises further to 97,300, they can increase their positions and short, with the same stop loss point as above. However, it should be noted that the overall position needs to be effectively controlled.

3. If the BTC price falls back to around 94,000 or below, investors can still pay attention to long opportunities.

In summary, the current crypto market is still in a consolidation phase, and there is uncertainty in the BTC price trend. Investors should pay close attention to market trends and combine technical analysis and risk management strategies to make rational investment decisions.

BTC has seen a significant decline for two consecutive days; has it hit the bottom?

Recently, BTC showed initial resilience under the impact of news events the night before last, but then experienced a further decline last night. Whether it has reached a bottom is something we need to pay attention to in relation to its correlation with the Nasdaq index. Last night, BTC's price movement was highly consistent with that of the Nasdaq, despite the two having different opening states (the Nasdaq opened high and fluctuated downwards, while BTC opened low and continued to hit new lows), the rhythm was similar. It is noteworthy that during BTC's upward phases, it often performs independently of the Nasdaq, but at critical turning points, BTC is significantly influenced by the Nasdaq, showing a high correlation. This pattern and experience have been validated multiple times and are worth investors' attention.

Currently, whether BTC's downward trend is over largely depends on the Nasdaq's performance. Nasdaq futures followed the German index's low opening and continued to decline after the European stock market opened, with BTC also sliding down to around 95000. From a technical perspective, around 94000 is an important support level. The German index is also close to its previous platform support, while the Nasdaq has dropped nearly 300 points; whether it can stabilize at this position needs attention during tonight's opening.

Overall, the current market sentiment remains bearish, and there are no clear trend trading opportunities. Although BTC has declined for two to three consecutive days, this does not constitute a major trend. Before the Federal Reserve's news release, investors were advised to short, and this recommendation was maintained yesterday.

Regarding yesterday's operations, the suggested short position was reasonable, but the closing was too early. Personally, I was fortunate to exit a long position opened at 99700 when it rebounded to around 101000. It is worth noting that spontaneous trading should be avoided; trading should be planned in advance as much as possible.

Today's operation suggestion (short-term and aggressive, please operate with light positions): Unlike yesterday, today’s suggestion is a high short and low long strategy. The low long position can reference around or below 95000, with a stop-loss set at 94000, and the upper target looking at around 97200-98000. The high short position is suggested around 98600, with a better short position at around 100200, and the stop-loss should ideally be set above 100500, targeting around 96000.