🌹BTC fell 8000 points overnight, is there still hope for the weekly support? + Chapter 12 of the Chan Theory Diagram Explanation👇

=======================
"I usually advise others not to trade cryptocurrencies as a profession. The pain in it is something only people like us can understand; it's unimaginable before entering the profession."
=======================
I personally believe that if one cannot achieve stable profits within 3 years, it is probably going to be very difficult even after another 3 years. This is because we are now in the information age, where various methods and information can be found online, allowing for a very fast learning pace.
=======================
Unlike stock trading in the 90s, when information was limited and many successful people spent 3 years, even 5 years or longer, to achieve success. However, if one cannot achieve stable profits in 3 years now, I believe it is appropriate to give up appropriately; otherwise, in the end, one can only waste their youth and find out that they have gained nothing.
=======================
🌹Yesterday I was saying that this weekend was very relaxed, with not much market movement, and even BTC was showing an independent trend. However, by the afternoon in the US, things started to go awry, with Bitcoin falling 7% and ETH dropping over 10%.
 ======================
Many reasons for the fall have been analyzed, but they all seem a bit forced. There is indeed no very clear reason proving that the fall is related to anything. Saying it is due to the implementation of equal tariffs is also incorrect, because after Lutnik stated that equal tariffs would be implemented on schedule, several countries and regions still expressed their willingness to make adjustments, which is a good thing. After all, the equal tariffs announced on the 2nd represent the worst-case scenario, and as long as the results are better than this, it is a plus for the market.
 =======================
Looking at the data of Bitcoin itself, as expected, there hasn't been a significant turnover, and it is still mainly short-term investors, especially those who have been bottom-fishing in the past two days, who are exiting the market. I thought about the date and wondered if it was due to the panic of some investors because the 10% tariff officially takes effect on Monday? After all, the average tariff in the United States in 2024 is only 2.5%, and now it has reached 10%.
 =======================
This also indicates that at least currently there are no significant signs of panic on-chain, and the larger possibility of sell-offs still primarily comes from the stock of Bitcoin on exchanges.
 =======================
Bitcoin did not have institutional support over the weekend, resulting in a downward trend and falling below the 80,000 mark, indicating a shift downwards. The weekly chart shows a bearish engulfing pattern, and it is about to reach the weekly support at 76,000. The four-hour chart has once again dropped back near previous lows. Moving forward, 80,000 will serve as short-term resistance, with expectations for short positions. A rapid exit by bulls could present the biggest trading opportunity in the second quarter!
 =======================
🌹Intraday Trading Plan:
Today, the long position entered at 75800 has already gained 5000 points, and the first wave of the short position at 80050/1635 has now gained another 2500/100 points.
 =======================
In the evening, I plan to short around 81500/short around 1635. For low buy points, refer to the subscription strategy👌