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Family members, there's a big event to watch tonight (5.22)! 💥💥
Wells is about to officially assume the position of Federal Reserve Chair!
The previous three times the Fed changed leadership, $BTC experienced significant declines, roughly 30%-40%.
Although history doesn't repeat itself exactly, there aren't many optimistic reasons either.
Currently, $BTC has very little substantive good news, macro is bearish, and liquidity is tight.
So I placed a short-term short position, hehe—family members, do you think my analysis is correct this time?
📉 short entry point 👇🏻
Open short: 77,400
Stop loss: 78,630
Take profit: 76,500
⭕ Risk control conditions
If BTC volume surges and stabilizes above 78,600, I will abandon the short logic first, wait for a pullback confirmation, and then consider a long opportunity.