Saturday morning trading strategy analysis

The current market shows very clear signs of weakness. Although the market rebounded by 10,000 points after a sharp drop of 20,000 points, this is merely a brief pause after the steep decline, and it is difficult to reverse the overall downtrend. Looking at the weekly and daily K-lines, both are showing large bearish candles, with bearish forces holding absolute dominance, and a strong bearish sentiment permeates the market.

In such a clearly weak market structure, every rebound is very likely to be a prelude to the bears gaining strength again, presenting an excellent shorting opportunity. The important support level from earlier has been ruthlessly broken, further opening up the downward space in the market, making it unnecessary to hesitate too much when shorting.

trading strategy

For BTC, it is recommended to decisively enter a short position around 113500. Set the target at 110000.