$BTC the last candle was recently scanned on H12 (image1)
Closing the monthly candle below 72000 is considered as nearly the end of the film. The market's operations are quite frustrating, just enough to short the skill above. Now the skill is to long below.
Check on H12. If it's a long skill, there is still a long wick at 64400 (image2) and 2 small wicks at (63000-63400)
The admin also got burned on the short when it pushed up to 73600 while shorting in the 1.8xx area. Clearly, it will have to test the bottom of 1.5-1.6, maybe further, but it was shorted a bit early.
Thus, the takeaway is that shorting and longing to hold long-term at this time is only safe when shorting from the top or longing from the bottom. Otherwise, entering the middle is a 1-to-1 gamble.
To determine where the top and bottom are, check the liquidity from (1 to 3 or 7 days. This will be the retest point that can be achieved.
And liquidity in 2 weeks will be the peak that can reach)
The market operations are too boring. Check each item on Coinglass.
Holding spot should still be maintained. Don't sell because it will eventually go back up according to the cycle, continuously checking the peaks from 6/11-24/11. DCA more when it retests.