Bitcoin short positions can still be taken? When is the right time? What cycle is the current market in?

From the 4-hour chart, on February 24th, Bitcoin started rising from the 62,400 level to March 17th's 75,998, forming a top pattern, then dipped back to the 64,918 level on March 30th. Subsequently, a continuous N-shaped rally pushed the price up to 79,444 on April 22nd.
Currently, Bitcoin is in a correction phase, not a reversal. The upward cycle until March 30th is still ongoing, with a clear trend line. When the price drops below 76,000 again, breaking the trend line, we can initially suspect a trend reversal. Only when the price further breaks below the 70,000 level can we say a true reversal has occurred, ultimately completing the final leg of the bear market continuation.
So, in summary, the small structure is still in an upward cycle. And short positions are definitely operable, especially when backed by the weekly chart level. The specifics are as follows:
In the larger structure, Bitcoin at 80,500 still has a futures gap that hasn't been filled. If the price rises further and breaks above 80k, after quickly filling this gap, don’t hold back—go short. That is: short around 80,500, expecting to gain at least about 2,000 points.
In the smaller structure, Bitcoin between 78,200 and 78,500 still faces strong resistance, with natural pressure at the 80,000 level, and too many traders chasing the price at that level, causing a crowded long position. Therefore, the price is likely to fluctuate between 77,000 and 78,500 until a breakout occurs. That is: short around 78,300, expecting about 1,000 points of profit.
Finally, a reminder: the weekly close is tomorrow morning…#WCTC交易王PK $BTC