Currently, the short position is occupying a place, but the 4H BTC candle has shown support around the level of 85000-85300. And BTC will test around 89500 once again to continue shorting.
If BTC breaks below 85000, the trend will continue down to 83000 and 80000 again, but this will be extremely dangerous for the short position; a sudden spike up breaking 89500 will keep it below 86000 for a long time.
Conversely, if it goes above 89500, the next testing position will be 94000. And this will be a very strong resistance, not easy to break.
If BTC breaks below 85000, the trend will continue down to 83000 and 80000 again, but this will be extremely dangerous for the short position; a sudden spike up breaking 89500 will keep it below 86000 for a long time.
Conversely, if it goes above 89500, the next testing position will be 94000. And this will be a very strong resistance, not easy to break.
