No matter what form appears, do not chase the shorts unless Bitcoin can stand above 104,000 before considering shorting. Currently, it is highly likely to be a trap for shorts, and there will be a rapid surge later, which may initiate an acceleration of the decline.
From the overall market perspective, it is even possible to break the previous high. Even if it does not break the previous high, it will likely approach the high near 104,000 before a waterfall occurs. The small-scale bearish data is too large, and the focus in the next two days will be on clearing out the shorts. It will only be the real acceleration of the decline when the small leverage shorts dare not enter the market to short or have already reversed to go long.
Note: Abandon the rapid market reference, don’t think that a breakthrough in resistance will accelerate the decline.
#Bitcoin's 16th Anniversary $BTC
