I have mentioned multiple times before that the head and shoulders top has broken down, looking down towards around 71.7K, with both weekly and daily charts showing a downward trend. Currently, 77.6K and 76.2K are used for shorting, both yielding gains.

Below, watch for the channel lower boundary support and Fibonacci 0.618 (71.7K) resonance; I personally believe this position will see some rebound, following a blue route for a rebound back to 75-76K before falling again.

Of course, if 71.7K can hold as support, combined with possible US-Iran talks, there is a small chance of following the red route, reaching a high point before dropping again.

Attempt to go long around 72K, watch for 74K and 76K, 74K (aggressive), and short at 75K-76K.
As the price declines, spot CVD and futures CVD are both decreasing, but open interest and funding rates remain positive, with the number of longs versus shorts rising again.

This indicates that the spot market is experiencing heavy selling here, while the futures market is heavily long, but short positions are also increasing (meaning a large number of aggressive shorts are entering).

Over the weekend, a large number of aggressive shorts entered at around 74.2K, and due to the ceasefire memorandum news, the price rose to 78K.

Intra-day rebound watch for price action at the above three points, with a stop-loss and short entry if a reversal occurs. $BTC #