The current downward adjustment has not yet ended, and the break of the support level is just a matter of time.
During the downward pullback, if there were no high-level long positions taken, a significant amount of risk has actually been avoided. If one can timely switch to short positions and act accordingly, it demonstrates the trader's ability even more.
Recently, the price of Bitcoin has been in a volatile range. Although it has experienced a certain decline, it has not completely broken through the downward space.
Especially on Monday, after the price dropped, it found support, but the technical indicators did not show signs of a strong reversal.
Moreover, this week lacks major data or events to drive the market, so it is entirely foreseeable that a pullback occurs.
