Bitcoin is currently priced at 87434, with a double top pattern at the 90K position on the hourly chart. The market is relatively weak, but if you want to short, you must break through 90K without resistance. There is still a lot of space above, so waiting for a pullback to find support for buying and adding positions is more advantageous than shorting.
A few things to mention:
1. The greed index is at 84. In March, a greed level of 90 led to a sharp decline, so manage your risks well.
2. On the weekly K chart, Bitcoin shows a bull flag, and with the logic of equidistant rises, we can at least see 110K.
3. The cryptocurrency market cap has reached a new high, surpassing 3 trillion USD. Off-market funds have already started to flow in, so the future looks extremely promising; do not go against the trend.
4. The asset size of the US spot Bitcoin ETF has reached two-thirds of gold, and Bitcoin is on the verge of catching up to gold's scale in just over a decade.
5. FTX is suing CZ Zhao Changpeng to recover 1.8 billion USD, which could be a slight negative factor.
6. During the pullback, you can allocate some NEIRO, created by the original team of SHIB. This segment has also performed very well; the pullback is your opportunity to get on board.
7. Showing you screenshots of liquidations daily is to keep you in a state of vigilance. Liquidations happen constantly; good risk control is essential for surviving longer in this market.