【2024-7-5 BTC Daily Summary】

The market is currently in the fourth wave of decline. It is a bit dangerous to open a short position. This position is a bit embarrassing. I simply won’t open one. It is difficult to do both short and long in this area. This range can be understood as both long and short. If the rebound does not break: 57439, continue to wait for short orders. If the rebound does not break: 53662, you can prepare to wait for long orders. This is the fourth wave of decline. As for whether it can continue to fall, it depends on whether the short-selling dog dealer has a thick wallet. We should not open a position for now. We can continue to wait for the market to move out of the market before entering the market. In this case, I will not open a position. As for the short positions on hand, I have reduced my positions and left a little bottom position. (If you don’t understand the market, try not to do altcoins)

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