I can't believe it, I was supposed to be looking for a rebound at 930, but I forgot to place the order after drinking. Now I don't recognize that it's over a thousand dollars, with a breakeven stop loss, I can't lose no matter what #BTC☀

1-8 Bitcoin Analysis: Double Top Plunge! Is Wave A Down, Wave B Rebound, and Wave C Down?
During this wave of increase, Dan has maintained a skeptical attitude. In previous analyses, it was mentioned that although Bitcoin's price has risen, the volume did not match. Once it breaks through 100,000 USD and reaches 102,500, Dan is very willing to place a short order on the left side. After forming a double top yesterday, the market began to plunge.

Returning to the short term: Since the double top was formed, Bitcoin has been plunging and has directly broken through the important support of the previous head-and-shoulders bottom pattern + the rising trend line with a large bearish candle, without any rebound. Many times, when people see such a sell-off, they think of bottom fishing, but ultimately they end up getting trapped.
Currently, looking at the overall market, Bitcoin is very likely to follow a downward channel trend, experiencing narrow fluctuations. The final target may be to remove the liquidity below 91,000. If there is a subsequent rebound, Dan's first bullish position will be the support near 930.
Whether there will be a rebound at the moment is indeterminate. Of course! Dan is still very willing to see a rebound because whether in the square or among specially cared-for brothers, Dan has already indicated taking profits, securing a profit of 6,500 USD. Therefore, if there is a rebound touching the price range of 980-985, Dan will attempt to make a second short position. Whether it will touch that price again is currently indeterminate. In this kind of market that traps longs, the basic trend is a fluctuating decline. The operator cannot say that a rebound will allow the longs to escape their positions before continuing to plunge.