$BTC The great fall of BTC has already begun

The first round of decline is approximately near 89000

On May 2, after the release of non-farm payroll data, BTC surpassed approximately 97800. Upon reaching this position, there was clearly a lack of momentum; this level was actually a false breakout created by the big players, meaning a trap they set for us, deceiving small investors into buying at the high. Furthermore, it can be clearly seen that after the price of BTC reached nearly 97800, it quickly fell back into the range of 92800 to 95700, from 97800 to 93500, the drop exceeded 4300 dollars. If BTC wants to continue rising, it must stay above the resistance level of 95700, but it is evident that it has not maintained this level and quickly fell back down. Additionally, the energy to break upwards is very weak, so I am viewing the market downwards in the future.

So, there are several key points in the market that everyone should keep in mind. The first point is 95700, this is the key resistance level to break upwards. If it wants to rise further, it must overcome this resistance level and stay above it. I believe there is a high probability that it will not rise, so a short sale can be made at this position; there are still profit opportunities. The second point is 92800, this level is a strong support. Once it breaks, it should head towards the area of 90000, and a little lower is around 88000 to 89000. Basically, upon reaching this position, the end of the first round of declines would be announced. For the future of the market, we still need to make adjustments and analyses according to the actual situation.

Now, the short-term strategy is very simple. If 95700 is not broken, a short sell can be made near this level. If 92800 is not broken, profits can be taken, and a reversal for a short buy can be made. If 92800 breaks, the short position can reach near 90000. The previous operations