You can pay attention to the channel trend at the 1H level of Bitcoin. Every time the M-top is broken and there is a false breakdown, many people tend to short it. Yesterday, it also broke the M-top and then pulled back to rebound upwards. As for how far it will rebound, we need to keep an eye on it. Generally, after breaking the M-top and pulling back, it's very likely to sweep the previous high liquidity. From the observations during this period, every time there was a break and pullback, it rebounded to capture the upper liquidity. So, will this time be the same?

If this time is like the previous times, after capturing the liquidity, it starts to stab downwards, then that's a signal to short. Once the channel structure is broken, a second exploration may come, likely in the range of 893-895. Based on the current price, it just touches the daily level downtrend line, but I don't recommend placing left-side orders because there is also a possibility of breaking through the daily downtrend for a false breakout to entice longs before initiating a downward move. It's better to trade on the right side.