Hello TradingView community, Today, we have witnessed a sudden drop in Bitcoin's price from $27,996 to $26,508, following the news that the Commodity Futures Trading Commission (CFTC) is suing Binance and its CEO, Changpeng Zhao (CZ), over alleged willful evasion of U.S. laws and offering unregistered crypto derivatives products. This significant event has generated considerable uncertainty and fear in the market, making it a perfect opportunity to short BTC using the Fibonacci retracement tool. Chart Analysis: Upon analyzing the chart, we can see that BTC has broken down below the 0.618 Fibonacci retracement level ($26,508), a critical support level, and it seems to be struggling to regain momentum. This breakdown indicates a potential further decline in BTC's price. Trade Setup: Considering the current market situation, we are proposing a short position on BTC with the following targets and stop loss: Entry: Current price (or anything above $26,800) TP1: $26,508 TP2: $...