Pal's BTC Market Analysis — 10.19 M15 Chart 1) Now this feels like a normal weekend, not so much drama, just boring consolidation under low liquidity. 2) Currently, it's forming a converging triangle here. I think for shorting, we need to wait for an upward grab, test the bearish OB, then confirm a pullback after breaking the MSB downward, as shown in the chart. This is the most accurate approach. Of course, you can directly short at the bearish OB. This is more of a gamble with the highest risk-reward ratio. Hourly Chart 1) On the hourly chart, the key is the bearish OB at 1092. If it rejects distribution here, then it’s bound to continue downward. Around 10k still needs further testing. Of course, if it breaks through here, then pay attention. Shorts need to pause temporarily, and watch for macro news or other factors that might cause a move upward to grab liquidity from shorts, leading to a big consolidation.