It's been a while since the last update. The recent market trend has been so bullish it’s almost nerve-wracking. Since dropping to 74,900 on the 29th of last month to shake out the bulls, Bitcoin has been steadily rising, eventually breaking through the 80k mark, reaching around 81,750 at its peak.

Personally, I’ve been caught in a lot of positions lately, making seven trades and then eight. Currently, my average entry price for shorts is around the 80,000 level. I was also optimistic at times, with long positions even larger than shorts, but I couldn’t hold onto the longs. When Bitcoin tested 79,400 three times, it was clearly a warning sign. The market looked bullish on the charts, but the news was all bearish, and I got confused by the previous market movements.
Right now, the bears are too heavy, and it’s a bit difficult to make a quick turnaround. Brothers who are trapped below 79,000 need some patience.

Based on the current market situation, the correction is mainly temporary. For intraday trading, I suggest going long around 80,500, with targets between 81,800 and 82,500. For shorts, you can try around 83,000.