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From the daily chart structure, it can be simply understood as:
The lower wick is the position being tested for a short, and the upper wick is the mandatory short position.
But the key point is that the structure has already changed once. During yesterday’s secondary retest and absorption process around 79,500, the price briefly broke below and dipped to 78,000, triggering buy-side support.
It is exactly this “break below and then reclaim” move that weakened the effectiveness of the lower wick’s support.
What was originally a “tug-of-war for a short position” naturally shifted into a short test point with a more confirmation-oriented nature.
And it is precisely because of this structural detail that we choose to follow the trend and turn to short.
In essence, it’s not a subjective bearish call, but the structure provides the rationale for shorting. $BTC #WCTC交易王PK