$BILL From this position, I continue to look bearish. Everyone thinks the trend is strong, but I think it may just be a long squeeze trap—crowded long positions are easy to get cleared.

From the order book, the 4-hour bearish structure is still intact, and the daily chart is only ranging. The current price is hovering around 0.02366 to 0.02400. The 15-minute RSI is around 36 and hasn’t reached oversold yet, so there is still room to the downside. Also, on the 15-minute timeframe, there is clearly increased volume—real sell orders have already come in, confirming the direction.

For the downside, first watch the area around 0.02261, or even near 0.02057. Place the defensive stop-loss at 0.02546. We can look for this move to follow the trend downward, but don’t chase too aggressively—focus on risk control.