Do not worry about having no friends on the road ahead; there are like-minded individuals on the investment journey! Good evening, everyone! I am the King of Coins from the Coin Victory Group! Last Friday's rapid spike to 81,000 finally put the brakes on the 11-day decline! The market transformed over the weekend from its previous lethargy, with volatility skyrocketing, and the back-and-forth between bulls and bears felt like a battle. Today, Monday, we are repeatedly testing the resistance and support at 88,000, leaving people dazzled!

Click the link to watch the video: https://www.bilibili.com/video/BV1ebUCBAEE8/

I guess many of you are confused right now: last Friday, the drop was so severe that it felt like a bear market, and everyone was waiting for a break below 74,000. But this Monday, the market rallied again, causing uncertainty! Especially with the resistance at 88,000, retail investors are completely stuck—afraid to chase the rise and scared to short in case of a breakout reversal, it's a visible dilemma! After all, if 88,000 breaks, the previous bear market sentiment will be immediately replaced by the fantasy of a "bullish turnaround," and someone will start shouting, "The bull market is back!"

Today, the King of Coins will clarify things for you and dispel your worries! First, let's emphasize: the long-term trend hasn't changed; the bear market is still here! The bullish uptrend line from the daily chart's bottom of 15,500 in 2022 has long been broken. This strong rebound and V-shaped reversal may look lively, but it's actually just a smokescreen—don't be fooled into thinking the trend has reversed!

To understand this market movement, we must start with the flash crash spike at 3 PM last Friday! Open the 1-minute chart and take a look at the drop from 83,000 to 81,200; that flash crash candle is the key! What does a sudden flash crash indicate? It could either be extreme market panic leading to a cascading drop, or it could be the market makers intentionally withdrawing key support to clear out long positions and pave the way for a subsequent rally!

Let's analyze: if it's the first scenario of panic selling, then 81,000-80,600 definitely won't hold, and the market will continue to drop; but if it's the second scenario of market maker manipulation, then there won't be a second chance for a pullback! Given the current strong rebound, it's clear that we are in the second scenario—the market makers are pushing the price up!

But do you think I am turning bullish? Not at all! This rebound's smokescreen is beautifully executed! Someone is deliberately making you feel like "the trend has reversed," misleading you into rushing in! Think rationally: if Friday's spike was indeed the bottom, it was also intentionally created by the main players! If they want to push the price up, they need to accumulate enough positions at the bottom, right? This accumulation can't be done in just a day or two; it requires at least a week of sideways movement to gather enough chips, but is that happening now? Absolutely not!

Moreover, this rebound occurred during a time of extreme market panic, which is purely inevitable! Without this rebound, everyone would lose confidence in the market; even if it dropped to 74,000, no one would dare to buy the dip, and everyone would just wait and see! How could institutions orderly sell off their positions then? If no one is there to buy, who will they sell their goods to?

So, this rebound may seem coincidental, but it's actually a tactic by the market makers: before reaching 74,000, they first paint a "bullish turnaround" picture to stabilize a collapsing market, making the bulls feel "they're back in the game," and then continue to boil the frog slowly! Maintaining a gentle downward pace, back to 81,000, then heading to 74,000, with those stepping stones at 83,500 and 85,500, there will always be retail investors eager to jump in, only to be gradually trapped!

To summarize: today's market hasn't changed its essence; it's merely rubbing against the 88,000 line repeatedly! Once the market breaks below 83,500, a new downward trend will be confirmed! Subjectively, I actually hope 88,000 can make a small push, so that those who are out of the market can short at a high point; if it doesn't push up, just wait for 85,500 to oscillate before taking action. If it breaks below 83,500, hold long-term, add positions at 81,000, and take profits at 76,500!

Everyone, don't let a short-term rebound cloud your judgment; every "hope" in a bear market could be a trap for being stuck! Remember the key levels, maintain your mindset, and follow the rhythm of the Coin Victory Group; you can still make precise profits in a bear market! Our Coin Victory Group offers exclusive insights; search for "Coin Victory Group" on WeChat to find us! We have real-time strategies, unblocking techniques, and contract trading methods, along with free experience groups and live broadcasts! If you find this useful, give us a like and follow, and with the Coin Victory Group, you can still profit in a bear market!

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