BTC is currently in a short-term bearish trend, with the bears firmly suppressing the bulls, causing BTC to hover sideways around 110,000. There is a probability of an upward rebound, but it is relatively small. Currently, the bearish pressure is like a dark cloud covering the sky, and it is advised not to go long in the short term, as the risk clearly outweighs the reward. Trading is not very cost-effective, and a misstep could lead to potentially fatal losses. Since it is a short-term bearish trend, following the trend is necessary. Before BTC breaks through and surpasses 116,000, it is advisable to short BTC on rallies. The same principle applies to other mainstream cryptocurrencies.

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