BTC drops and recovers quickly. The good news is it hasn’t broken the previous low, with a double bottom on the 4-hour chart. Even if it breaks the previous low, it will form a 4-hour bullish divergence. The 3-day MACD is currently in a death cross—avoid chasing highs. For now, shorting at highs is a bit safer. Once the trend changes, it won’t reverse easily. The current long-to-short ratio is 1.6, with more people trying to catch the bottom. Even if the market stabilizes, it will still test the bottom repeatedly. Today, 83,500 and 84,000 are still good levels to short. Set a stop loss at 84,500.