BTC fell by 16220 points, recovered 38% from 83000, and recovered 50% from 84650. Today it hit 83800, the area above 84650-85000 is a major resistance. It is advisable to enter a short order here, as the average cost will then have an advantage.

After a big drop, it is reasonable to get at least 38-50% profit if you go long at a low point. Many bottom fishers couldn't hold on yesterday. I posted on x that it's okay to start selling half of the position at 81,000-83,000. If you think it can't reach that level, then consider this: If going long around 80,000 will result in losses, does that mean 80,000 is the "top"? Obviously not. If it drops to 68,000, it will bounce back to 80,000. Don't be too hasty... Similarly, when shorting at a high point, you should wait for the price to retrace by more than 50% in a big swing before entering a short order, i.e., start shorting in batches after the 6-hour rebound ends. Having an average cost price gives you an advantage, allowing for flexibility in taking profits and setting stop-loss orders. Shorting at retracement levels below the 4-hour timeframe requires close monitoring for profit-taking. Rebounding at the 8 to 12-hour timeframe may sometimes fail. Even if the bulls show some strength in completing the rebound, they are likely to turn back down. This is how the market moves in a bearish trend. Why call it a rebound instead of a rally? Because the MACD on the hourly timeframe is below the zero line. If it were above the zero line, it would indicate a bullish trend.
Believe in mathematical logic.