#BTC BTC's market has already crashed 😂 It has broken below the trend line and the rebound is weak. The on-chain data is even more tragic, with multiple long whales exiting further contributing to the decline. If the US stock market does not recover above 117,000 tonight, it is very likely to see 112,000. Currently, the trading volume indicates that bears are still continuing to sell off, and every rally is being pushed back down. It is recommended to stay in cash at this price and wait for opportunities. If the price drops to 112,000, it is likely to happen. A V-shaped reversal back to 119,000 could also justify a short position. The best approach is to wait for the market to develop; if it drops to 112,000-113,000, open a long position, and if it rises above 117,500, go short. In any case, the short position at 118,100 has already taken significant profit and exited. The rest is waiting for the market to develop. Currently, I do not have a positive outlook on how high the afternoon rebound can go, so do not go long; otherwise, the long positions may not profit much and could end up being stuck.