Bitcoin rose to 28,000 this morning, which was stronger than what I expected in the group yesterday afternoon.

The overall trend of Bitcoin is basically a continuation of my previous views. If you are interested, you can read "Qingmei Zhubi: Speculations on Bitcoin's Head and Shoulders Top" on September 19 and "Qingmei Zhubi: Bitcoin Fell to the Chip Support, Look for a Rebound!" on September 25.

In September, I made two basic judgments about BTC. One is that the probability of a rebound in the 24800-25000 range is high. The other is that 26000 is the lower chip peak during the retracement, and the probability of a rebound is high. These two basic judgments are correct.

Currently, it is a daily rebound since 24,900. After retesting the support of 26,000, the second wave of rebound began.

The right shoulder of a head and shoulders top may be forming.

The pressure level around $28,000 was emphasized many times in the group yesterday.

The pressure levels of daily + weekly + monthly lines are superimposed around $28,000.

I think it is time to reduce your Bitcoin holdings. As for whether a rebound top can be formed here, it will take time to judge.

If the market stabilizes at $28,000, the next position will be around 29,100, which is the upper chip peak since 31,800.

This is all we can see about the rebound of Bitcoin. If it goes higher, it is hard to say, and it may not be a rebound but a new round of rise.

At present, I personally think that the probability of a rebound is higher.

If you are interested in other coins, please leave a message in the comment area. #BTC