Bitcoin rebounded above 28,000, which is the normal rebound height. It has now fallen back to around 27,500. It is recommended to place short orders in batches, no longer go long, and continue to maintain a downward view.

Bitcoin has more room to fall, and may reach around 20,000. The current trend belongs to the wxy structure, and the decline will be greater. You need to be cautious when doing long, but you can be relatively aggressive when doing short. Pay attention to the overall structural direction. It is expected that the overall decline will be divided into two stages, which will last for about a month.

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