Taking advantage of the weekend, I would like to share my current views on BTC.

Introduction: Currently, there is no major bearish trend or conditions in the price action.

View 1: The bottom of this bull market is between 15k and 110k on the Fibonacci. Only if the weekly close falls below 875 can you subjectively think that Bitcoin might return below 80k.

View 2: Be cautious of the daily chart in the past few days showing volume but small real bodies of bullish candles, which can be compared to the several bullish daily candles after the strong breakout at 73k.

When can one short?

You can take a look at the weekly chart; from 110k down to 78k, there is only one bullish candle, which closed around 962 before a sharp drop. This is a continuation of the downtrend, and the others are all bearish weekly candles with real bodies. Therefore, for those who want to short, pay close attention to whether a large bearish daily candle appears around 965.

Combining the Fibonacci from this drop's bottom of 745 to 110k, 965 is 0.382, and there will definitely be significant market movement here.

If a large volume bearish daily candle appears, only then will there be conditions for a short trend, and if the daily closing price is below 922, short the rebound. There is only one support below, which is 887, because the area between 88 and 922 is a vacuum zone.

If a daily candle with large volume shows a very small bearish or bullish real body, don't short it; instead, be a steadfast bull. The price will go up to 983 or 995. Can you withstand a short position without a stop loss?

View 3: If the weekly close is above 965, Bitcoin will oscillate upwards to 100k. Why? Because the weekly candles from above 100k down to 962 are also consecutive bearish candles, a vacuum zone.

View 4: If Bitcoin just rises directly from 745 to above 100k, even breaking 110k, and the weekly MACD shows a top divergence, at that point, there is no reason to remain bullish; you must escape regardless.

View 5: Short-term operation. If Bitcoin oscillates in a small range over the next couple of days, stay out and avoid frequent trading; patiently wait for opportunities. If it continues to oscillate upwards, place a short at 965 with a stop loss at 973. If it breaks below 95, continue holding, and observe its movement around 922. Only if it breaks below 922 on the 4-hour chart can you continue holding.

Why will it rise despite the 4-hour top divergence? Because this is a bullish trend on the daily chart. Refer to the 4-hour chart at 825, where it oscillated to 88 instead of falling. After all, the major players in Bitcoin are greedy and there are no significant sell orders.