$BTC The future trend is somewhat reminiscent of the black swan movements at the end of July and the beginning of August. However, one question remains: will the market pull up to a high point like it did at the end of July before crashing? Currently, the 4-hour view shows that the volume is in a bullish decline, and the 1-hour KDJ has peaked, with a large bullish candle in volume (indicating a potential reversal downward).
The overall trend is definitely downward. The key point right now is where the highest point of this downward movement starts. Based on current indicators, a crash could happen at any moment. We should primarily focus on short positions. Don't be deceived by the enticing behavior of funds.
Focus on short positions. For each high during pullbacks, analyze using 1, 5, and 15-minute indicators before entering. As soon as the market reaches the 15-minute mark, it is likely to head towards the EMA support level on the hourly chart. At that point, revert to looking at the 5, 5, and 15-minute indicators for changes, combined with the 4-hour indicators, to decide whether to take profits or look for longer positions.
If the market reverses before reaching the bearish low of the 15-minute indicators, then take small profits on this position and consider shorting again. Continuously aim for short positions.
