#数字资产市场观察 has not been updated for a long time, let's talk about the Position I hold and the recent market data today.

Let me first explain my position: I currently hold 3 short positions. Previously, during the craziest times, I actually opened over 20 short positions, and after the spike on the 21st, I closed most of them near the lows, leaving only one, while also buying some spot and opening a long position for hedging.

Views on market trends:
Monthly level - normal pullback in the ascending channel
Weekly level - the top area is grinding horizontally, the range of 75,000 to 76,000 will be a key node.
Daily level - The downtrend is obvious, and we are currently in a state of rebound after the decline, followed by consolidation.
4 hours - The small cycle continues to move downward, and it is currently easy to continue to fluctuate sideways.
1 hour - a "close the door and hit the dog" pattern has emerged, it is recommended to reduce the Position for short positions, as the next move will either continue to drop or consolidate in a sideways manner.
30 minutes - sideways trend turning down
5 minutes - The rebound after the decline is weak, as can be felt from the upper and lower shadows of the K-line.

My judgment: There is a high probability that it will test the previous low point around 80,000, and thereafter it is very likely to consolidate in the range of 80,000 to 90,000 for a period. In terms of trend direction, the intraday bias is still towards shorting, but it is essential to control the risk well; this position is not suitable for chasing shorts or blindly bottom fishing.

$BTC