12h time frame - We have talked about many potential top structures about Bitcoin, such as Head and Shoulders(ref.1), Butterfly(ref.2) and Diamond structure(ref.3). All analysis point out that Bitcoin is creating a huge top structure before next bull. This is also the last chance to catch a potential crazy dump in this bear period. If we take liquidation hunting into consideration, 30700~31000 is the excellent entry to open short, which has the best risk to reward ration over 8. If Bitcoin start dumping from that zone, targets as below. TP1: 25000 TP2: 20300 TP3: 18000 Also, 17000~18000 is the expected bottom before bull. - ref.1 Head and Shoulders structure ref.2 Harmonic pattern ref.3 Diamond structure