$BTC This chart is now being tightly pressed down by the middle band, with the price struggling between the lower and middle bands, a typical bearish structure. As long as it cannot break back above the middle band, don't think about bottom-fishing; the main strategy is to focus on short positions. Looking upward, the upper band is pressing down; looking downward, the previous low at 77,900 is the line. Breaking below that would likely accelerate the decline, sweeping straight down. The stop-loss is set just above the middle band, with a fully adequate risk-reward ratio.

BTC-0.08%
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