Although Bitcoin shows weakness in the short to medium term and is likely to continue to decline.

However, from the URPD chart, Bitcoin's on-chain chips are relatively concentrated between 84,000 and 85,000, and this range is unlikely to be breached quickly, which may lead to a short-term rebound;

Additionally, considering the timing of MSCI's decision on whether to remove MSTR, the probability of Bitcoin reaching a temporary bottom at the end of January or beginning of February is quite high, and there is still more than a month left until then, so the expected decline of Bitcoin's fifth wave won't be too fast, with multiple short-term rebounds likely occurring in the meantime.

Therefore, even if holding a bearish view, shorting should be done cautiously to avoid blindly chasing the market.