This small-level BTC pattern is a bit scary, a bit like the ending wedge of an upward trend, which is a signal of reaching the top. If it is not in an upward trend, it is likely to fall.

However, the current market sentiment is very high, and funds are flowing in crazily, resulting in the immediate withdrawal of funds as long as there is a slight correction. The pattern seems a bit useless when the bottom-fishing funds are very strong.

And I have tried to go short in the past few days, but it doesn’t work at all. Several times, it seemed to be going down, but it was pulled back immediately, so I will not go against the trend for the time being. In addition, considering the risk, the stop loss of long orders must be set well. This time I hope my judgment is wrong!