$BTC

Finally got to eat some good meat, brothers!

The chart drawn during last night's live stream suggests entering the market on the south side at the position of 121900-122000, with a stop loss at 122800. The market has given an opportunity to take a breather and recover.

After a 4-phase rise, we are facing a 5-wave decline. The current big single direction has already broken 120000, and after a sideways movement during the day, will it continue to attack northward or fall freely to seek 11530?

In any case, reducing the position of the 4000-dollar short order to break even, and if it goes near 115, we can gamble a bit more, with the stop loss still referencing 800 dollars, especially considering the recent decline retesting the support at the bottom of the upward trend (112-113). We still need to gamble on long positions. This is because the bearish trend won't happen all at once; after rising 10 points, if it falls 10 points from 123300, there will still be a violent rebound, which is necessary to turn all the indicator parameters from overbought to a healthy state.