How will Bitcoin perform in the future?

The 100,000 integer level has been broken, but that does not mean a rebound is necessary.

Many people like to bet on a rebound at "key break points."
However:

Break point ≠ Strong rebound is guaranteed

Rebound ≠ Must go long

A structural bottom must appear before going long.

Currently, the structure is still in a bearish arrangement, and the main idea is to continue shorting on rebounds.

In the short term, the focus remains on high shorts.

Observation point: Re-test the descending trend line.

If the rebound lacks a bullish structure, continue to short in the direction of the trend.

Set the defense around the key point of 105,000.

Before the structure changes, the direction should not be easily altered.

For medium to long-term shorts, it is not suitable to chase now.

If you did not short at 115,000
or at 106,500

Then chasing medium to long-term shorts now is unreasonable, as you have already missed the best positions.

Medium to long-term shorts need to wait.

Wait for the current bearish phase to complete.

Wait for a new rebound adjustment.

Return to the key structural position.

Only then will there be another opportunity for layout.

Reference points below

Many people ask how low it can drop.
In fact, we do not predict absolute points, only focus on the structure.

94,000 is important because: it is the 0.618 retracement of the daily chart.

It is the only reference point for the recent trend.

If it goes lower, it enters a new low zone, with no leverage points.

But will it definitely reach 94,000?
Not necessarily.
It might reach it, it might not, or it could go even lower.

We only act based on the structure, not by guessing the bottom.

Ethereum

Ethereum's overall trend follows Bitcoin.

The key point is still the NUPL indicator that I have mentioned many times before:

Green: Top zone, should reduce positions.

Yellow: Wait-and-see zone, not suitable for buying.

Orange: Can start dollar-cost averaging.

Red: Can go heavy.

When ETH was in the green zone, I warned about the top risk, and the subsequent trend also met expectations.

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