$BTC

Do not open too many positions casually, 102550 will be an effective support!!

Today is Monday, has everyone made money? In the morning, we can see that Bitcoin has reached a new high of 106665,

then started to pull back. Looking at the daily chart now, today's small bullish candle has almost completely closed as a pin bar, but I advise the bulls not to be so eager to open positions. Currently, there is temporarily no effective support below BTC, I believe there will be another wave of pullback, continuing to form a parallel bottom. Speaking of which, everyone can understand now, tonight the most stable market is still to catch the pin bar, the position has already been marked out at 102555 to catch the pin bar long position. I have always followed my own thoughts, for example, the downward trend line I drew last week, I mentioned that once this downward trend line is broken, we will continue to look bullish!

For example, when BTC broke 10,000 USD in 2017, many people thought it wouldn't go up at all, a large number of short positions appeared around 9930, a large amount of fuel directly allowed BTC to break through to a new height. We need to understand that the entire market consists of two parts: one is large holders and various institutions, and the other is retail investors. Who's money are the large holders making? It must be the retail investors', engaging in various short and long traps, which is also the reason why I update daily to avoid stepping on mines!

Currently, effective support for Bitcoin is at 102555, 100600, and 99300. I will be focusing on these three positions. In the short term, I will consider entering a position at 102555, and adding to my position at 100600 to avoid missing out. The stop-loss position is set at 99300. For leverage, I suggest 30x to 60x. Leverage is often not the tool for making money; direction is what matters. #BTC☀