The news on the peace talks has driven Bitcoin’s rise. What should we do next to respond? Take a look at my views below.

1、The price has also returned to 78k again and has broken above the recent high. Strangely, this rally doesn’t have as much momentum as the last time the price rose.
2、If you look closely at the MACD, you can see that the peak hasn’t broken above the previous high—including the RSI’s position. At 78k, if you don’t short, are you going to wait until the price drops to 70k before you short?
3、As shown in the chart, the daily chart’s naked K-line structure is also bearish. Since Bitcoin’s price fell from the bull market high of 126k to 80k, and then rose to form a falling-flag structure with a high at 98k—this level was also our previous take-profit point for long positions.
4、Looking back, the current price moving from 98k to 60k and then to the current 78k has also formed a falling-flag pattern. Every time it builds a base and rebounds, the rebound magnitude is about the same.
5、Putting it all together, I believe this time the top is at most around 78k. Then shorting in the 78k to 80k range is totally fine. Prepare 5x leverage and prepare 40% of your position; the rest is up to time……