How to determine if it has reversed? Looking at the weekly chart, if it does not break the previous high within two weeks, there is a high probability of a significant drop. You can refer to the first wave of decline in the double top of 2021.

1.2 The rise after the narrow range shock in the morning basically opened a small unilateral rise, and once again frustrated the trend of short sellers to kill 8-7w. After BTC broke through 97700 after the US market last night, the pressure turned into support, and it was basically determined to have reversed. It reached 98800, just one step away from 10w! If it stands firmly at 98200, it will hit 10w.

The BTC market was determined to have reversed last night, and it will resonate with the cottage in the next two weeks, rising and falling synchronously. So the cottage season is coming, or it is already on the way.

The long positions should continue to be held, and the profit should be taken in batches. If the profit is taken at each resistance point, the amount should be replenished after 15 or 30 minutes of retracement.

At present, the retracement range is very small, and it is basically impossible to catch the replenishment point according to the Fibonacci sequence. It can only be caught within the 15, 30 minutes and 1 hour level adjustment period.

There is no top divergence at the 4H level for the time being, so don't go short. Or control the short hedging position to the minimum, and look for opportunities to take profits after the market enters a volatile period at 1.20.