#fogo $FOGO I have mentioned more than once that as long as the Bitcoin price reaches 68000, there will be profits in shorting. The downtrend channel has already opened, and it will only continue to go lower.
From the current trend, it is clear that waiting for 68000 to short has already missed opportunities.
The Bitcoin price started to drop sharply right after the market opened today, reaching a low of 64300, and then so far during the day it has been showing a fluctuating upward trend.
A weak rebound does not mean the bull market is back. In my personal view, it is a trap, with pressure from above and getting lower, as bears are gradually devouring bulls. Every rebound will be accompanied by a larger waterfall.
My suggestion for today is to find a position to short within 66600, and seeing 64000/63000 is also acceptable. Recently, shorting has been as easy as picking up money in a day.
I am Zhang Qicheng, a teacher with excellent technical response skills, proficient in various long and short-term market analysis. In 2026, if you are a novice wanting to enter the circle, or an experienced trader, feel free to consult me if you have any questions.