$BTC Yesterday's short-term guess at the top failed, and a small position was stopped out, which indeed verified one point: do not short in a bull market. In fact, the point mentioned yesterday was indeed a turning point on the 4-hour chart; however, after the turning point, the consolidation moved downwards not downwards, but laterally or even upwards. The 1-2 completed this 'pullback', falling from around 82500 to 81500, and point 2 touched point 1, so the 1-2 is completed, which can also be considered the third type of buying point in the previous red box central area. It is normal to see a rise afterwards. If we are to follow yesterday's green classification, to bring point 82500 down to the strength of point 2, the 30M moving average must be brought into a bearish position; otherwise, if it cannot be brought into a bearish position, the guess at the top will be a failure, and one must run away, taking this as a lesson for the future.

Still, as mentioned in yesterday's article, do not think about shorting before the central area appears on the daily chart. Additionally, yesterday's rise brought some good signs in the context of a larger cycle bull market.