April 22 | Early morning | Bitcoin continues to watch 📉

Recently, Bitcoin at high levels is a good opportunity to establish short positions. The current downward trend from high levels is no surprise, and the head and shoulders reversal pattern has initially formed.

At this critical point, blindly forcing longs is essentially giving the main funds a chance to accumulate chips.
Looking at the four-hour chart, the price has been firmly suppressed by the upper band of the Bollinger Bands.

The seemingly strong rebound is just a false appearance of a breakout, maintaining bullish sentiment.
Market behavior is always like this: first creating high expectations, then completely shattering illusions, step by step enticing more longs.

Every deliberate rally is aimed at harvesting long positions, followed by rapid sell-offs. Leaving retail traders no room to react or exit @严恩助理号

【Yan En's Today’s Guide】
🕸️ Target for trap: aggressive direct short 🚗 Trap zone: 716-766
🎯 Hunting target: 746-740 👀 Support if broken: around 730

!! Risk warning: The above content is for reference only and does not constitute any investment advice. Please carefully assess your own risk tolerance and beware of risk traps! $BTC