The structure of Bitcoin is very clear
Medium-term judgment:
Currently, it is following a 4-hour double central trend type, constructing the second central during the process, and the entire downtrend has not yet concluded. After the decline is completed, there will be an opportunity to go long at the daily level. At that time, there will be two scenarios:
1. If BTC does not break 74500, then the bull market is still very healthy. One can expect a new high after the bottoming out, starting the most insane uptrend.
2. If a central upgrade occurs, it is very likely to head downwards, referring to the market from January to May 2022.
Short-term judgment:
At the 30-minute level, it is under pressure from the downward trend line, currently moving towards the next retracement. If the retracement ends and does not break 83888, there can be an expectation for an upward movement, making it a good opportunity to go long. Once the upward movement is completed, it will capture the opportunity to short as it leaves the 4-hour level downwards.
There is not much to say at the 5-minute level, just wait to go long. Also, for those holding short positions at high levels, a break below 91500 must exit.
For real-time trading situation, please follow my actual trading
