Bitcoin is expected to see another wave of selling pressure in the short term before breaking out of the current channel. A strong buy reaction is anticipated at the lower order block. While entering a new short position at the upper block seems premature, an aggressive buy strategy will be the clear approach if the price moves down to the lower level.
If such a movement occurs and Bitcoin reaches the lower region, most futures traders are likely to predict a breakdown of the previous low. This is precisely the moment we should be targeting.