$BTC The future trend resembles the black swan trend of late July and early August. However, one point to consider is whether the market will rise to a high point and then crash, similar to the V-shaped recovery in late July. Currently, in the 4-hour view, the volume is in a decreasing bullish trend, and the 1-hour KDJ has peaked, with significant volume showing a large bullish bar (which could reverse and drop at any time).
The overall trend is definitely bearish, and the key question is where the highest point of this downward movement will start. Based on the current indicators, a crash could happen at any time. We should primarily focus on short positions. Do not be deceived by the enticing behavior of funds.
Focus on short positions, analyzing each high point during pullbacks using the 1, 5, and 15-minute indicators combined for entry. As soon as the market touches the 15-minute mark, it will likely approach the EMA support level on the hourly chart. At that point, we will revert to the 5, 5, and 15-minute indicators to observe changes, along with the 4-hour indicators, to decide whether to take profits or hold for a longer position.
If the market reverses before reaching the bearish low on the 15-minute indicators, then profit from this small wave and exit, while considering short positions. Continue to focus on short positions.
