The BTC price shows a Strong signal of a potential top on the 15-minute timeframe; we add to the short. The asset has almost reached the retest of the “neckline” on the “Double Top,” and this is the low of September 22, 85,114$. At the moment, we also have a Strong signal of a potential top on the 5- and 15-minute timeframes on the chart. And on the 15-minute timeframe, we are talking about the third candle with a marker from three possible ones. There is a regular marker as well on the 30-minute timeframe, but at the same time there is also a return to a stable uptrend on it. For now, we’re observing a price pullback.

In the last few hours, buyers have become more active, and this naturally raises concerns for the bears. Including, as with situational bears, and for us. Perhaps the best option would be to wait and see whether the price comes to a test of the level of a potential breakdown of the downtrend on the 4-hour timeframe at $85,749.

But with persistent downtrends on the 3- and 4-hour timeframes, a strong signal marking a potential high on the 12- and 18-hour timeframes, and a regular marking of a potential high on the daily timeframe—we try from the current levels.

The short was added at the level of $84,678.90. Now the entry price is $81,136.59, the break-even price is $77,900.50, and the liquidation level is $89,068.86. We place an order to close at the positive break-even level $77,900.50. If the price reaches it and we finally exit the position—then, situationally, we will consider a new short, but with sizes typical for speculation, not sizes of “this position needs to be saved and pulled into break-even.” I don’t want to enter a likely bullish market from a loss on the short position. Let the August–September pump, which was one of the most significant in history in terms of bear liquidations, be just that.

If the downtrend breaks on the 3-hour timeframe—then we’ll need to think about a new partial close of the position, for the volume that was added to the short today.

No-loss at $77,900.50—agree, it already looks more interesting. But it’s more important that the bulls would agree to it 😁