As for the current trend of Bitcoin, I am bearish. From the perspective of Fibonacci, 0.618 is the dividing line between long and short. From the perspective of K-line alone, the 620-625 area is also the dividing line between long and short. Only by standing on this area can we look at Bitcoin.

From a small level, Bitcoin has attacked the upper resistance zone many times in the past few days, but the strength of each attack is getting smaller and smaller, and the high point is constantly lower. If a lower low point is hit, then a downward trend will be formed.

From the perspective of form, 576 is the neckline position. Once it falls below this range, the M top will be formed. Of course, if you are bullish, you can also open a long position at this position to bet on a rebound. Once it falls below, stop loss #BTC