【BTC】The breakout is false, the decline is real!
Last night, Bitcoin made a brief advance, exceeding 113000 momentarily, but as soon as sellers took action, the price immediately turned downwards, and selling pressure continued in the early morning, hitting a low around 111800.
The trend is already clear—the structure of this decline is far from complete! The daily candlestick closed with a large bearish candle, and after a slight fluctuation today, the probability of continuing to dive is extremely high!
For friends holding high-position short positions, just set your stop-loss at 117200, hold on with peace of mind, and wait to count your money! It's normal for prices to fluctuate during the decline; once you've identified the direction, don't fumble around. Short-term back-and-forth operations will only result in being slapped in the face by the market.
There are two possible scenarios for the trend: either consolidate in a 15-minute range before dropping, or start to fall directly. But regardless of which one, last night did not touch 114000, and today you shouldn't expect to stand above 114200. So the strategy is very simple: when rebounding to the range of 113500-114000, go short directly, targeting 111000 and 110000! $BTC