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Is 81,000 the bottom?
If I had to guess: this looks more like the first leg of acceleration in the downtrend, not the ultimate panic bottom.
The whales can easily use the 80k–82k range for some chop, then pump to 85k–88k to squeeze shorts and bait longs, before deciding whether to nuke it down to 76k–78k or go for a bigger consolidation.
To call a reversal, at least these conditions need to be met:
1. 4H stops making new lows;
2. Long lower wicks with volume at the bottom, and buy-sell delta stops making new lows;
3. Open interest climbs but price doesn’t drop (obvious handover of positions).
None of this has happened yet, so the trend is still bearish—any bounce is just a better shorting opportunity.
Tonight’s plan: already in a starter short above 84k! Stop loss at 85.5k, targeting around 82k–80k.
If we see a reversal, check if 4H prints a new low.
#BTC $BTC

I bought more shares at 85200.


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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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