The market trend of BTC can be summarized in one sentence: the long-term cycle still belongs to a long positions structure.
But be aware of the local consolidation that comes after a short-term continuous rise; in other words, it is the opportunity to go against the tide in a long positions trend.
The lower time frame shows a local top signal, and it's a pullback trend, so we need to be cautious of further price declines.
Short positions at the 120k-119.4k line at night, targeting 118k, 117.1k, 115.5k, and if broken down, looking at 114k.
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