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The direction remains unchanged, continuing to be bearish!!
There is an important event in the next two days, which is Trump's visit to China from the 13th to the 15th!
So the result will definitely be clear by mid-month, good news is also bad news, and bad news is also bad news!
Assuming 82460 is the top, from the pattern 82460/82090/81500, this is the downward trend line from the top moving down, and 81500 is a position where you can set up a short position with a stop loss at 82100!
From the perspective of liquidation charts, there is a lot of liquidity for shorts around 83500!
Combined with market expectations, everyone's stop losses are likely placed near the previous high around 83000!
There is also another possibility: during the visit, some positive news could trigger a rally, leading to a last wave of short squeeze, knocking out the stop losses of short positions, and finally a crash!
Based on the second hypothesis, if the stop loss at 82100 is triggered, the next ideal shorting opportunity is around 83500-84000, which is an excellent chance to short!
Let's plan the market trend in advance and make a solid trading plan! $BTC