$BTC Short selling caution and take profit!!!

As long as Bitcoin stops falling, altcoins will also welcome a wave of market activity. Looking at the daily chart, Bitcoin is still in a rapid upward channel. Today's pullback also has a high possibility of forming a parallel bottom. I missed the short position for Bitcoin this morning, which resulted in a trading loss. This time, Brother Bao has opened a small position at the current price, and will add to the position near 103200.

Currently, regarding the market, will there be some positive news reported? I am quite optimistic about Bitcoin this time, wondering if it can directly hit 110000 or even higher. If Bitcoin shows signs of stopping the decline before 4 PM, I will definitely add to my position. This time, the positive news in the crypto market is unprecedented, and even a Bitcoin at 100,000 USDT could be the bottom, rising to a point that makes one's scalp tingle.

Looking at the 4-hour K-line, the downtrend line can still be referenced. If it breaks below, watch for bullish signals, and holding the position will be a victory. Also, the parallel bottom of 102500 has been tested consistently over the past few days. So, will there be a re-test leading to a new parallel bottom? Let's wait and see.