The show is on! ⚠️❗️❗️
There are no more doubts about the upcoming BTC trend; there is only one direction, and that is downward. Don't try to go long anymore; the Bitcoin trend is already very clear. Any rebound is just an opportunity to short. The C-wave correction has officially begun. Yesterday, Bitcoin only touched around $104,200, just hitting the weekly K-line upward trend line before starting to decline. The market makers didn't even pretend; they just revealed their cards directly.
$102,300 is near the lower Bollinger Band on the hourly chart for Bitcoin. There will be a small rebound here, but it shouldn't go too far, at most around $104,000. Once it reaches this point, we can go short directly. This is a wave of correction, and the depth is not shallow. Breaking below $90,000 is just a matter of these two weeks. Based on April's market, this adjustment wave will last at least two weeks. The daily level for Bitcoin is already looking very bad, and many large whales are starting to retreat. The OBV trading volume has dropped significantly, and the market makers are using their usual manipulation techniques. If there is no pullback soon, the crypto market will really be unplayable.
Today, Bitcoin continued to rise, reaching a high of $105,000. Fortunately, it did not break through and continued; instead, it faked a move and returned below the previous high. So we will stick to our original plan and continue to watch for a decline. The current quote is at $104,100, and we are looking to short, targeting a short-term drop to the $102,600 level, with a stop at $105,000.
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