Afternoon of the 30th, Jing Yi's analysis of the market trend

Bitcoin and altcoins have experienced a sharp decline. Aside from geopolitical factors, the core reason is that Huang Mao will meet with Fed Governor Waller on Thursday, and it is expected that the new Fed Chair will be announced on Friday, with reports suggesting Waller is the nominee. Waller has been hawkish, but in 2025 he shifted to advocating for significant rate cuts. The market doubts his consistency and whether he will change his stance upon taking office, which is a major reason for the decline.

From the daily chart perspective: Yesterday's warning of a shooting star pattern indicated a bearish signal, followed by two consecutive large bearish candles. Bulls are weak, and bears are fully in control. On the 4-hour chart: there was a slight rebound around 81,000 but with weak momentum. MACD continues downward, and bearish volume steadily increases. Key level: after more than a month, the price returned to 81,000. Support below is at the 80,000 level. The rebound remains a selling opportunity. Follow the trend and short without hesitation. If it does not break, stay bearish.

Trading suggestions:
Bitcoin: Short in the 83,000-84,000 range, target 81,500-80,000, further down if broken to 78,800.

Altcoin: Short in the 2,740-2,790 range, target 2,690-2,600, further down if broken to 2,490.

Personal opinion, for reference only.