#Gate广场创作者新春激励 [$BTC Signal] Short Position + Distribution at High Levels



$BTC Formed a high-volume long bearish candle breaking below key support on the 4H chart, indicating a weakening structure. The price decline accompanied by stable open interest suggests it’s not just a short squeeze but a deliberate distribution by the main players. Continuous Taker sell orders and weak buying pressure prevent recovery, shifting market sentiment toward defense.

🎯 Direction: Short

Wait for the price to show clear buy absorption and structural recovery signals in the key support zone (such as 67500-68000) before considering long opportunities. Currently, the market lacks favorable odds for going long, and forcing a bottom buy is extremely risky.

Trade 👇 $BTC

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