$BTC The daily chart has been steadily declining, and support can be considered broken. It’s only holding for now, and there’s a high probability it will break down further.

Don’t go long, and don’t chase shorts either. Wait for a rebound before entering. If it makes a sharp V-shaped recovery and stabilizes, cut your losses—the loss will be limited. Chasing shorts now could instead leave you caught out by a sharp V-shaped reversal.