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BTC's current bullish pattern has been completely broken. From the candlestick chart, the trap structure is very clear, and the entire process has basically played out, with no signs of trend reversal upward. One effective decline confirmation has been completed, and this is no longer just a correction but a clear sign of weakening.
The next trading logic is: as long as the price shows a rebound on the 1-hour chart, it is an opportunity to follow the trend and short. This wave of decline is likely to be divided into two stages—first, a dip to around 94,500, followed by a rebound to lure longs; after the second rebound ends, the market will truly enter a downtrend, with the low point likely breaking below 93,000. The specific precise levels need to be confirmed by market movements.
How to judge the bottom? No need to guess. Just look for three features: no further decline, long periods of sideways movement, and the timing usually around the weekend (especially Sunday).
From the current stage, the risk-reward ratio of the bulls is already very low. The bears are the more trend-following choice. There are indeed many ways for the decline to unfold, but the core conclusion is certain: at this stage, shorting has a higher win rate.