BTC daily candlestick is so weak, it seems that 85,000 cannot be held. Various data and news were in full swing from yesterday to early this morning, and the BTC market also saw significant fluctuations, but ultimately shorts dominated. After rebounding to 91,000 last night, it continued to fall. Neither the non-farm payrolls, Powell's speech, nor the Cryptocurrency Summit could save longs. The day before yesterday, shorts were strategically placed above 91,000, and positions were taken in the morning at 85,000. Last night, after rebounding to 91,000-90,000, everyone decisively increased their short positions. After breaking 88,000, the rebound continued to be short, falling below 86,000 in the early morning by over 5,000 points. We continue to reduce half of the short positions below 86,000, leaving a short order position at 89,000 with a stop loss, waiting for further decline after breaking 84,000 to reach 80,000-77,000.

Short-term suggestion for today: The first resistance above is 87000, and the rebound high point in the early morning is the defense above 88000, which is also the pressure of the daily candlestick MA5. Don't expect much rebound today. Go short directly near 86800-87000, stop loss at 88300, target 84000-82000.