$BTC Regardless of whether looking at the short-term 1-hour chart or the 4-hour chart, it is in a downward trend. Since the new high of 99588, it has been in a correction, and during each upward breakout, the highs have been continuously decreasing, and the lows have also been decreasing. This definitely indicates a demand for a correction; even if it goes up, it won't rise too much. We are currently in the altcoin season, and Bitcoin has recently shown signs of weakness. The main players are now offloading and pulling altcoins, causing a diversion of funds, so there won't be significant gains at this time. At the current position, it is indeed possible to exit. I have already opened a small short position near 97000 and set the stop loss at the recent high of 99588, which is just over 2 points of stop loss. However, if it moves down to 90800, we can achieve a 6.3% drop for take profit, so this risk-reward ratio is favorable.
BTC Contract Operation Strategy: Layout short position near 97000, 5x leverage, 1 layer position, Stop loss: 99910, Take profit in three stages: 94330, 93480, 90800, take profit in batches
