Hash Collision

BTC Short Strategy (Technical Analysis)
A converging triangle forms in a downtrend, with volume not expanding, indicating a high probability of a continuation consolidation.
⚠ The upper boundary is hard to break, with a high risk of false breakouts.
📉 Trading Thoughts (Bearish):
1⃣ A surge to around 106800 meets resistance → Signal appears to short
2⃣ Breaks below the lower boundary at 104500 → Follow the trend to short
Remember to set a stop loss, once a false breakout is confirmed, the pullback will be swift.
#BTC

📌Strategy Summary:
Pressure near 106,800: Short
Break above 106,800 extending to 110,000: Wait for upward failure to short
If effectively breaks 110,000: Switch to bullish

Trading Reminder: Pay attention to short opportunities near 106800!
This position has two major resistances:
1. The 0.382 Fibonacci retracement —— A technical level that many are watching
2. The value moving average in the P-structure —— The place where the long and short battle is most intense If the price can't go up from here, it could very likely be a signal for reversal!