$BTC The market initially strengthened intraday to test strong resistance at 842, but failed to break through and weakened again. As explained before, 828 is the bull-bear dividing line: holding above it points higher, while breaking below it means further downside. The plan was to go long at 830 early in the morning and take profit on the afternoon rebound to 840, banking 1,000 points. The subsequent short trade gained over 500 points. An afternoon long at 832 was down 400 points after the price broke below 828 overnight. Then a short was opened at 830; at 816 now, it has already banked 1,400 points. Overall, the four trades today brought in 3,000 points. So if support breaks, adjust promptly—don’t stubbornly hold on. The approach has been explained before: even if a trade loses, the loss is small, while the potential upside is greater. Holding on stubbornly will only leave you deeper underwater…

The chart shows consecutive bearish candles on the hourly timeframe and a gradual decline. This weak structure is likely to continue. On the four-hour chart, price has broken straight through the lower Bollinger Band, and the bands are widening; they are widening further on the daily chart too. These are all signs that bearish momentum is continuing. Price may retest the lows below 809–805. In the short term, resistance is at 823; if a rebound fails to break this level, the expectation is for another test of the lows below.

Short around 819–822, targeting around 808–805. $BTC
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