During the Year of the Horse New Year, Bitcoin did not experience the expected rebound, but it also did not undergo an unexpected sharp decline. Overall, it was just a weak consolidation. I had anticipated a big rise during the New Year, followed by a sharp drop after the holiday, but the market has already played out the script I expected ahead of schedule……

During the New Year, Bitcoin remained weak and consolidating. I took very few short positions, mainly focusing on low buy-ins. Even the few I did take generally resulted in wins because I was optimistic about a rebound. I’ve been sticking to my strategy and only adjusting it if there are significant market changes.

Today's sudden sell-off was a bit unexpected. You can interpret it as a sharp early dip with no good news, but it doesn’t affect our position near the 64,300 range, with an upside target around 67,000. Although the difference to the target is only about 500 points, it didn’t prevent us from short-term gains of over 2,000 points today.

For the US market, since it remains above 65,000, I expect it to push upward to test the 67,000-67,500 range. A stronger move would be toward 67,500-68,000. If it reaches that level, it would mean reclaiming all the previous declines, and then a short position could be considered.

Therefore, tonight’s short entry point is around the 67,000-67,500 range. $BTC