BTC Evening Market Short Comment: Price Breaks the Upward Channel Axis 1, Long Short Duel is about to enter a white hot stage! 1) The price has entered the range of 82500-83000 for the giant whale's selling pressure wall and the price range of 82500-85000 for the long short battle; 2) Short positions near 82500 on the order book are being blocked with orders, and the amount of entrusted selling orders is constantly accumulating; 3) The funding rate has been negative for 66 consecutive days. The total open interest OI rose to $34.26 billion on May 6th, an increase of over 11%. OI has increased but funding rates remain negative, indicating that new positions are mainly short positions rather than long positions. The bears not only did not leave, but also continued to increase their positions, but their power is still not strong enough. Main institutions are pulling down contract prices and constantly short selling! 4) Continuous deviation between quantity and price, insufficient demand for spot goods; The four hour long position is not the main or secondary position, but rather the main force of short positions has not entered the market, and the short position is relatively weak; 5) Whales are using the rebound to sell (reducing their holdings by 80000 in 18 days), and Micro Strategy has also announced that it will sell BTC at an appropriate time to pay the company's interest; If there is a significant positive news, such as the upcoming CPI being significantly lower than expected, the price may briefly pulse to 84000-85000, which will be an opportunity to add mid line short positions. The battle between long and short is currently underway. We will not pursue long positions in the short term, but wait until the mid line rebound is in place before placing short positions.