Short selling is a way to exit liquidity during this rebound.

$BTC is just one week away from completely negating the entire bearish argument based on the closing price.

$BTC showed a strong bullish candle yesterday, which could be a good sign.

But now, we are in a tricky situation; either this is a genuine breakout of the W bottom pattern, or it is just a false breakout that may drop again.

From a shorter time frame perspective, the likelihood of a bullish breakout is greater.

So now is not the best time to short. If you really want to short, the price might rise a bit more, so if you plan to short, it's best to look for a more suitable entry point.

In summary, keep a close eye on it, but don't rush to short it here.

Currently, this rebound looks more like a relief rally rather than a trend reversal.

$98,000 is a crucial price level.

If Bitcoin's weekly closing price can be above this level, the bearish scenario will be broken, opening the door for Bitcoin to rise further to $110,000 or even higher.

However, if Bitcoin fails to break above $98,000, it may pull back down.

The next important support area is around $82,000, and if we close below $82,000, the next target price will be between $64,000 and $70,000, which is a major support level and also the 300-week moving average.

What I'm doing is monitoring Bitcoin's performance near these key resistance and support levels to assess whether the current rebound is sustainable or just temporary.