On the second day of the pullback, I looked at the liquidation map, and there were very few long positions liquidated below 92,000-91,000, concentrated around the high-leverage positions at 97,000-94,000. Looking at the market, 91,600 and 90,850 are two support points near 90,000, and the integer level won't easily break. At this time, the daily adjustment has already progressed significantly. Even if this range of 91,600-90,850 is not a bottom, it is still a good low long opportunity. Even if 90,000 breaks, there will be a strong rebound back up, and going long at these two points has a high probability of floating profit. The night before last, I posted in the group that someone went long at 91,600, which was quite good.
Then I saw that there was a large liquidation of short positions at 97,100. Pulling up to 97,100 will trigger the liquidation of a large short position, over 200 million.
Considering these points, plus the signal of weakening downward momentum released around three or four o'clock yesterday afternoon for 12H, I personally predict that the pullback is about to end.
In the future, when encountering such pullbacks, everyone can boldly place orders to buy at the bottom in advance. To simplify, place orders within 1500 points above and below key integer levels. For example, for 90,000, it would be between 91,600 and 88,888. When it first drops to this level, it won't fall below, and there will be a strong rebound. If it drops to this level a second time, even if it breaks below, the lowest will touch 88,800 and then rebound back to 92,300-93,500. So regardless of whether 90,000 can be broken, making a long position nearby will definitely yield ideal profits. So go ahead and be bold. I can't publicly state that a certain point is definitely the bottom, but you can first try it as a short-term long position.
Or, like in the afternoon, immediately stating that the 8-hour and 12-hour levels are releasing stop-loss signals, indicating that the daily adjustment is about to end, long positions can also prepare to enter, while short positions should prepare to escape. For long positions, directly enter with a small position first, and if the floating profit expands, it’s okay to add more.
People often ask how it is to enter at the current price? When the market is relatively strong, it is possible. But if the position is heavy and take profit is slow, you might end up being passive. Therefore, I can't directly answer that it can definitely be done. To avoid missing out, the way to choose is to first enter a small position, then place a supplementary order near the recent support point, which is relatively safe. I will update the latest support levels every day, and you can enter or add positions when it retraces to this support, excluding during the downtrend.
I hope more people can understand the mindset of short-term trading, master some shortcuts, and make their own decisions based on some signal references when they reach important stages, then the gains will be significant.