$BTC I will explain the chart as it is currently based on candle reading, then I will add some additional information. The bearish bias has been confirmed in the short term.

The green line indicates Bitcoin's all-time high.

The dark red line represents the previous all-time high recorded on January 20, 2025, while the dotted dark red line represents the highest level recorded from December 17, 2024.

Bitcoin (BTCUSDT) is now trading below the three daily levels.

Immediately after the all-time high recorded on May 23, we have a full red candle.

The full red candle represents a rejection, as Bitcoin produced this new level, which is also a technical double top.

After three days of green, Bitcoin produced a lower high in the form of a Doji candle on May 27. This Doji candle confirms the candle from May 23.

Today, May 28, Bitcoin shows a red candle continuing the movement of May 23 and 27.

The trading volume is very low.

Large institutions are buying, and they tend to buy at the highest price. This does not mean the rise is over. A correction is coming.

Resistance has been confirmed, how can Bitcoin return to rising in the short term?

It needs to move and close above the daily all-time high. Any drop allows you to short.

The fact that Bitcoin closed seven consecutive weeks in the green, with its decline in the past few weeks, is a sign of exhaustion, and the market is looking for relief.

The pullback can turn into a correction, and if panic prevails, the correction may turn into a crash.

That said, it’s still early, but these things tend to crash very quickly.

Are you paying attention?

What will happen now?

The upward trend relies on higher highs and higher lows. The larger structure is unlikely to collapse, but Bitcoin is declining, whether in the short or medium term... Do what you need to do to protect yourself or secure your profits. You can never go wrong by taking some profits when your pairs grow by 300 to 500%. If you're waiting for more, forever, you're just a greedy trader.

Thank you very much for your continued support.

Take profits and forget greed.

Win, win, win. You will have the chance to play again.

Plan before you buy. Make a plan and use this trading strategy to achieve success in trading.

Whatever you do, it’s up to you.

I’m just reading the chart.

I intentionally left one question unanswered; how far will the decline go?