BTC's short-term trend has given me quite a bit of insight. The rebound yesterday looked quite strong, but it quickly reversed, and this rhythm is very similar to a typical pattern at a secondary high point. From a small-scale formation perspective, this clearly appears to be a triangle convergence.

Looking at the indicators, the bullish momentum was originally strong, but recent sustained oscillations have significantly weakened the bullish energy. As a result, the probability of a downward breakout from the triangle pattern is quite high. Especially since the price has been hovering around the EMA resistance level, which further increases the likelihood of a decline.

I still hold a short position, and this judgment also supports my holding logic. To guard against an unexpected breakout, the 8.95-9k range can be a key area to watch. I remain quite optimistic about the short-term downward pace of this wave.