Bitcoin daily chart has not broken below the breakout support, and there is no sign of a bearish formation on the right side. Shorting now is easily swept out repeatedly. Current characteristics: constantly “breaking through → stop-loss triggered → breaking through again,” with the downside being diminishing volume and momentum, hiding a risk of collapse.


Currently, the cost-effectiveness of going long is low: chasing longs after a breakout does not align with the strategy, and historically similar levels have often led to being trapped at high positions.
Bearish signals on the right side: daily chart breaks below key support + confirmation of a pullback, which triggers a short position (playing out a collapse scenario reminiscent of past repetitions).
The most optimal current strategy: wait and see, or set a triple short position on the left side, investing every time it rises by $1,000, or wait for a clear breakdown signal before going short.
BTC2.21%
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