Drawing indeed requires going to the dog farm

The Bitcoin daily M-head formation is complete, and the southward departure is imminent!\n\nFrom the analysis of the BTC daily chart structure, the current market has presented a standard M-head reversal pattern: the price has tested the $94,500 level twice, forming a double top resistance, and then oscillating downwards, effectively breaking below the neckline at $89,000.\n\n$89,000 serves as a key pivot point for top-bottom conversion, acting as a defensive line for short positions in the short term; if the price subsequently breaks through and stabilizes above this level, the M-head pattern will be declared invalid, and the market will return to a wide oscillation box structure, with a focus on the pressure performance in the $94,500—$96,200 range above.\n\nAccording to the theoretical measurement of the M-head pattern's decline, the space of the second drop from the $94,500 high is equivalent to the second drop amplitude after the pullback from the neckline. Based on this, the next round of pullback lows may reach the key support level of $82,200 on the four-hour chart. It must be emphasized that technical theory is merely a trading reference framework; the market trend is ultimately driven by capital games, and one must always maintain a sense of awe towards the market. How the chart is ultimately drawn is not determined by the 🐶 market makers?\n\nFrom the perspective of macro sentiment, the speculation cycle for interest rate cuts has basically ended, while the expectation of interest rate hikes in Japan has become the core bearish factor in the current market. Looking back at the rhythm of this round of operations, we have relied on the differential expectations to establish long positions up to the $94,500 high and then shifted to short positions. In the absence of new significant policy news to drive the market, it is difficult for the short-term market to show a trend-based significant rebound, and long positions should not be held for too long; operationally, it is recommended to focus on shorting at highs as the main approach.\n\nFocus on Liu Bei's stable trading system, exchanging small risks for periodic profits, and steadfast execution will surely lead to your own harvest period!\n$BTC #美国非农数据超预期