$BTC Currently, there is an increasing divergence between long and short positions in the market: institutional funds' willingness to get on board is weakening, and short positions sentiment is rising. From the market data, the price has not been able to break through the $116k level in the short term, and the momentum of long positions is temporarily insufficient; however, short positions have a slight advantage after breaking below the early October low. But if the $107k support can be maintained, there is a chance of forming a rebound. Overall, Bitcoin is forming a contracting triangle, and it is currently below the EMA20 on the 4h level, with the MACD about to form a death cross. In the short term, short positions are dominant, but it is necessary to be cautious of the risk of significant fluctuations. #ZhangSanAlpha