Bear markets are the ultimate cure for disbelief! Bullish fantasies are shattered, and further declines are expected? Let’s take a look.

Currently, Bitcoin is in a consolidation pattern during a downtrend, and there will be even larger drops ahead. After falling to 80,000, Bitcoin climbed for two or three weeks, seemingly indicating a good situation, but it was actually a consolidation pattern during a decline. It has now broken below the trendline, which is very dangerous.

However, short-term oversold conditions can also lead to rebounds. For example, Bitcoin around 86,000 and Ethereum near 2900 have some support. This morning, Shuqin suggested a small rebound, and now we are testing the bottom again. Ethereum has a chance to rebound close to 3000 before continuing downward. For safety, consider taking profits at 2970.

Additionally, there will be significant volatility tonight because at 9:30 PM, unemployment rate and employment data will be released. Due to the previous shutdown, this data is highly uncertain, and the market is waiting for the data before making moves. Once the results are out tonight, we will reassess. Remember to follow me.

Overall, in a bear market, everything returns to zero. Even the tough BCH has been successfully shorted by us, now reaching a new low of 510. It is expected to find some support near the 500 level. Next time it reaches this level, consider taking some profits.

WLFI has dropped 30% from 0.176. Any price you short with me now should have already earned you quite a bit. I just hope the price can rebound slightly, giving us a higher shorting entry, which would be even better. Keep trading daily!