$VVV Let's check out the market environment first. BTC is currently showing weak signals across multiple timeframes. The recent -1.06% needs to be confirmed with its own multi-timeframe structure.
Shorting at these low levels isn't advisable for short-term trades; focus on the volume of any potential pullbacks and watch the resistance around 13.36. On the downside: if 13.11 gets broken decisively, it indicates that the bears are still in control. On the upside: we can't quickly reclaim the 13.36 level; if we do, it suggests that this downward move isn’t as straightforward. If we manage to reclaim 13.36, the bearish narrative will be downgraded.
Shorting at these low levels isn't advisable for short-term trades; focus on the volume of any potential pullbacks and watch the resistance around 13.36. On the downside: if 13.11 gets broken decisively, it indicates that the bears are still in control. On the upside: we can't quickly reclaim the 13.36 level; if we do, it suggests that this downward move isn’t as straightforward. If we manage to reclaim 13.36, the bearish narrative will be downgraded.