Tonight's decline is actually quite frustrating. From the chart, it looks like just a retracement of the drive wave from 80,600 to 82,800, and the pin insertion point happens to be right at 0.79. If it doesn't break below 80,600 next, meaning it forms a new swing low, then this decline is just a trap to induce buying. So right now, it's very tricky. Unless you shorted around 82,500, opening a short in this range feels a bit stressful. Probably before sleep, the market is just testing retail traders' patience here, waiting until we're asleep for a big move. The market makers' tactics are too deep. #BTC

BTC-0.28%
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