The daily chart for $BTC shows a double top structure with two false breakouts. After multiple attempts to push higher, it quickly retraced, indicating heavy selling pressure above and insufficient buying momentum after new highs. The upward moves are likely aimed at squeezing out shorts! During the decline, there hasn’t been a strong rebound, showing weakening bullish strength and emerging bearish power. It has already broken below the previous low, forming a lower low. In the 83,000–86,000 range, there are 1.05 million BTC accumulated, which have been trapped for half a year. When the price approaches this range, there will likely be significant selling pressure from people cutting losses or taking profits. If it fails to hold above 79,800: This round of decline is confirmed, and the next support zone to watch is 74,500–75,600. If it rebounds next week and stabilizes above 79,800: This decline is invalidated and would be considered a short-term shakeout. Pay attention to liquidity near the previous high at 82,700 and whether there’s a volume-driven pullback forming a false breakout bearish signal. That would be an excellent shorting opportunity! For now, short at 78,700, add positions at 79,300, and set a stop loss at 79,800.