$BTC 8.23 Bitcoin price today's market: Last night, the favourable information from the Fed stimulated the market, leading to a big pump in Bitcoin and Ethereum which drove the overall market up. The community's returns are also very impressive. In the past few days, we made a total of 13 trades, 12 of which were take profit, and only 1 was stop loss, achieving a win rate of about 93%. You could say we won big. Especially last night, at 10:58, we chased rising prices on ETC, with a maximum rise of over 25%, Ethereum rose 16% in one night, and Bitcoin also increased by around 5%, making the overall returns quite considerable.

Returning to the structure of Bitcoin, we have been emphasizing for the past few days that the range has strong support, making it unsuitable to chase shorts; we need to wait for a rebound. Now that the rebound has successfully arrived, this has become a good position for medium to long-term short positions. Partners who don't have any positions above can slowly enter the market in this range, with stop losses set properly. It's important to note that this move is just a pullback, not a reversal, so it is not suitable to chase highs and go long here.

In summary, continue to hold mid-to-long-term short positions on Bit. Partners without mid-to-long-term Bit positions can gradually open positions in batches in the range of 117000-119000, with a stop loss at 124000; yesterday, due to favourable information, there was a strong overall rise, but whether it can last for a few days is unknown; currently, it is not suitable to chase rising prices in the short term, nor is it appropriate to open short positions immediately. This weekend, it's best to wait and observe, and only take action when there are clear signs.