Hello everyone, I am Panda Brother. Today, let's analyze the market of $BTC .

A couple of days ago, I mentioned how to analyze tops and bottoms. You can find the bearish analysis in the main page.

First, let's talk about the result: bearish. The next two images will explain in detail how the bearish trend came about.

This rise chart is at the 4-hour level for BTC. The upper side is being pressed down by the main slope, and the closing line at 16:00 is likely to be below the green slope line. The next image shows that it is also being suppressed by the middle line of the Fibonacci channel. If this green slope line is broken and cannot close above it, this line will turn from a previous support level to a resistance level. Overall, it still looks like a top low, then being suppressed. Analyzing from the perspective of the overall market, it is oscillating back and forth within this upper and lower green box. It can't drop lower; the main force is controlling the market with orders; otherwise, it would have dropped long ago. The purpose of doing this is to let retail investors get on board, with a large number of people trapped between 90K and 100K. The sideways movement and rise are to release those trapped. This does not align with the logic set by the operators. After breaking the slope line, around the position of the first red horizontal line at 84911.8, which connects to the green slope line, that is, near the position of 84880, you can enter a short position. A conservative take profit level can be set around 83800, while a broader level can be set around 83000.

Based on the position in the last image, it should currently be pressed by three lines and the Fibonacci middle line, and there is also the upper fishbone periodically suppressing it. The tops will get lower and lower. Interestingly, the KC channel is currently tightening slightly. This situation is very rare. If you don't believe it, go check historical trends. What happens next when this situation arises has been analyzed above. The day before yesterday, I mentioned looking bearish, tops and bottoms, and it seems that all of it is correct so far. Still, as I said, everyone learns different knowledge. If it were you, what would your opinion be upon seeing these two images? Feel free to share in the comments.