Whether it’s a decline or a rise, the second always surpasses the first. This rebound has already broken through the downward trendline. The next resistance level, in my view, is 2235, not 2200.

Above 2200, there is a large amount of bearish liquidity. If the price returns here and starts to fall again, it will clear out the liquidity above before continuing downward.

If considering a short position, you might wait for a bullish spike or a top pattern around 2200 before opening a short. For now, do not consider going long. $BTC