The bearish short-selling strategy that was continuously suggested earlier has been validated by the market—prices have continued to decline as expected, reaching a low of 112500. Although there was temporary support at this level, the overall rebound strength is insufficient, and the downtrend may continue.
Currently, it seems that the support at 111800 is unlikely to halt the decline, and a brief rebound may be a buildup for a larger drop later.
Operational Suggestions:
- Short-sell Bitcoin when it rebounds to the 114000-114600 range
- Target lower at 111800-111000
