The recent strategy for going long on BTC has resulted in a loss of 1500 points. Since the price has already fallen below 95500, our approach should shift from long to short.

In fact, when the BTC price broke the intraday support at 96800, our live trading team notified all students who entered the market that day to close their long positions and reverse to short, and they have now turned a profit.

After breaking the key level of 95500, all structures have changed, so moving forward, whether it's the smaller time frame of 15 minutes, or 1 hour and even 4 hours, we should be looking downwards.

In the 15-minute timeframe, it is expected to at least retrace below 94000 by early morning. As for the 1 hour and 4 hours, we are looking at the levels of 90000 and 87000 respectively.