The recent decline in BTC can be seen around 105010 in the short term, which is the perspective of the 6-hour time frame, clearly indicating a market maker selling model. It is important to note that this is merely a target level considered from a risk perspective, as reaching the price of 105010 may encounter a pullback on a higher time frame. Once the price hits the target level, if the mid-term time frame shows signs of pullback demand, I will take profits on most of my positions and wait for the price to complete the pullback before looking for opportunities to short. Additionally, it is worth mentioning that the seasonal trend for September remains bearish.
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I just opened the Binance Square and hope to provide useful analysis for everyone. If you find the content good, please consider following.