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$BTC What’s next for the market going to do???
Bitcoin topped at 78000 and cashed out at 74700. When I kept reminding everyone that 77000-78000 was the Grim Reaper’s red line, the whole network was rushing back in—high bull momentum, full speed. Now when you look back, who is the one that truly saw through the bottom card? The news is just a disguise for the mastermind treating you to a meal. Liquidity is the bright, sharpened slaughter knife they’ve been grinding in their hands. Don’t ask me why I’m so accurate—ask about the logic, because it’s invincible.
Is this time different? It’s the same every time. The only difference is that you fantasized about a bull market in advance. Shorts at 77200 and above are getting big bites of meat in their accounts! The most critical lifeline now is 73500. Remember what I said—this is not support. If the candle body closes/breaks below this level, it will be a nightmare for the bulls. Then we’ll be able to see a weekly engulfing bearish move that leaves the market suffocating, a three-day consecutive bullish candle that falsely breaks the prior high, testing near the upper boundary of the wedge. And at a time like this, you don’t need me to say how much value that engulfing has, right?
The script for BTC’s decline was already written the moment it broke 78000. I’m just the one who leaked it early. Whether you follow or not is your choice. With this wave, I can predict the top precisely; with the next one, I can predict the bottom precisely. After the panic, I’ll bring my brothers to go on a rampage and celebrate inside the bull market. This week’s big show has just started—through wind and rain, I’ll be waiting for you below 70k.
What should people with no positions do? Remember: after the 4-hour candle body closes/breaks below 73500, wait for a pullback to 75000. After this level meets resistance, it will be your chance to go short the second time. This is a very solid confirmation signal. The rhythm is: decline → pullback → continuation of the decline. For now, don’t consider any long positions (ultra-short-term is up to you). Welcome to do counterparty trading—this negative-sum game (funding rate, trading fees, slippage). The moment you sit down at the trading table, you’re already underwater—so in a market like this, if you don’t choose the right direction, you might as well be running around naked (your underwear is already gone).
In summary: For mid-term positions, hold short positions at 77200 and above. Today’s focus is 73500. If the candle body closes/breaks below this level, a short-term bearish trend will form. After that, the rebound will continue the decline. For the rebound resistance level, refer to around 75000. Following this script, this week we’ll see BTC at 70,000+. After a daily candle sells off with increased volume, it’s not advisable to chase shorts. There’s a need for consolidation or a rebound—so until then, keep your high shorts.