Every significant event tends to have a higher probability of a fall the day before. Smart people choose to hedge their bets, waiting for it to pass before entering. Powell's speech this Friday is crucial, as it will determine the market direction.



Currently, there are no bottom signals in the technical formation, but rather a hint of a top. Additionally, last week's candlestick closed poorly; Bitcoin surged to 118,500 last night but did not continue, so it's better to take profits.

However, after this Thursday, the probability of a rise is very high. After stabilizing with a pullback these past two days, we have closed our short positions. Then we can enter our trend long positions, and Bitcoin will make new highs.
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