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In my previous update article, I mentioned that Bitcoin can be shorted around 89216, with a stop loss just above 90,000. If you saw the analysis and took action, congratulations on your profits~
BTC broke below the upward channel, and for the first time in a large timeframe, it broke below the previous low. The decline is strong, but it's also difficult to chase the short. The primary focus is to watch for a retest to short. The next major low in the large timeframe will be at 80607. If it cannot hold there, then the most important support is around 74000.
Today's outlook
Short (trend-following)
Retest at 86053-86518
Long
For now, observe again. I will be watching the 74000 level.