From the daily timeframe, BTC challenging 79,000 these few days is quite possible.

The big coin dropped from 126k to 80k in this wave, which consolidated for nearly two months with a highest rebound to 97,932. This drop to 58k has also consolidated for close to two months. Looking at the descending channel, around 79k will likely be the phase top here. As long as Powell doesn't turn hawkish tonight, there's a high probability in the coming days to touch this level.

So if you want to go long-term short, the stable entry position is right here. Of course, if your position size is large, you can establish a base position early around 74k-75k, and then add to it if it touches around 79k.

Of course, the above only represents Peak Shao's personal views and is for reference only! $BTC