$BTC The major trend line on the 4-hour chart has been drawn by the team leader for everyone.


Can the current position be strongly bearish? Looking at the pattern, without breaking below the major trend line, before the previous support at 7.9-7.88 drops, is it really a bit early to be bearish?
If it directly breaks down, then taking a short position could also recover losses.
No one can predict the market, but understanding what reactions might occur at certain levels can serve as a reference.
What’s drawn may not be entirely correct; just for reference...
BTC-0.2%
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MoonlightMarketMaking
· 3h ago
Drawing lines may not always be correct, but the thinking is clear. The market is inherently unpredictable; the position reacts more importantly than the direction.
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PixelatedDriedFish
· 3h ago
It's indeed not advisable to short if the trend line hasn't been broken; wait for a breakout signal.
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ColdWalletInTheAutumnBreeze
· 3h ago
The section drawn by the section chief is steady; if it holds at 7.9, it will continue to fluctuate.
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SeaSaltMarketMakingNotes
· 3h ago
Referenced, the major trend line lower boundary is a key level
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MintLaterMaybe
· 3h ago
Well said, there's no rush to short the breakout now; what's the hurry?
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