Good afternoon, everyone!

In the past few days, I have been reminding that if Bitcoin cannot break through its previous highs, we should focus on shorting. Each time the price pulls back and rebounds, the highs are getting lower, which is an important signal for a potential correction. Of course, if it drops back down, one should still look to enter on the rebounds.

In the early morning, it was mentioned that if the support level of 1060 is broken, we should wait for a rebound near 1050-1040. Currently, after the second retracement, the rebound has reached around 1060. You can arrange your entry and exit as you see fit, but finding another opportunity to enter is the safest approach. After all, the bottom at 1060 has been broken. There are currently no good positions to chase long on the daily chart, and if the price does not rebound above 1065, it’s better to wait for a retracement before entering long again. The optimal entry point is around 1030-1025, with a stop loss at 1015-1010. The first target to look at is 1078, and if that breaks, we can aim for 1090. This risk-reward ratio is quite good.

The defensive position given by my aunt in the early morning has about ten points of space swept away. Fortunately, it was just right. Currently, if it cannot rebound to the 2670 position, it will still pull back. If you want to go long, it's better to wait for a pullback before looking to catch a rebound. The pullback target is around 2500-2450 to go long, with a defense at 2400. If it weakly spikes up, just continue to hold.

Overall, the Silk Road is expected to see a downward adjustment during the day and evening, before bouncing back at the support level below. #成长值抽奖，赢 iPhone 16 和精美周边 #特朗普关税进展 #稳定币支付量达942亿美元