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The air force has been cleared, should we clear the longs next?
The drop in Bitcoin over the past 4 days was directly countered today by a big bullish candle; it's a fact that the previous shorts have been hurt, and there's no denying that. The behavior of making a profit and then shouting it from the rooftops, only to go silent when wrong, and repeatedly shorting again is not something that a wise person would do. When taking profits, one should share the joy, and when taking losses, one should also warn of the risks. Don't get carried away, don’t hold onto losing positions!
Those who shout slogans loudly, saying ‘charge,’ and that ‘stopping loss means liquidation,’ are really not the words of a true sharer. This only stirs up the emotions of the retail traders, but ironically, they love this kind of talk; it's hard to advise those who are stubborn. No choice...
Today we slaughtered the shorts, but in the later half of the night, we can't rule out a crash. First, we pushed the price up to clean out the shorts, and now everyone starts chasing longs, then we might start dumping it back down—a common trick of the market makers, nothing surprising! The daily K-line level is under pressure from the mid-line, which is a reference point for high shorts. Additionally, the current market is testing the upper pressure of the 4-hour level, which is also a potential shorting position. So this is my reason for going short next, for reference!
With every trade, I clearly and straightforwardly share my views on why I am making those moves. Once a level is broken, there is no need to hold onto the position; timely stop losses are essential! It's not about hype; it’s not just talk! Shorting Bitcoin at 99200 and 99700 here, with targets looking down to 96000, 94000, and 92500, while keeping the stop-loss at 10500.
The drop in Bitcoin over the past 4 days was directly countered today by a big bullish candle; it's a fact that the previous shorts have been hurt, and there's no denying that. The behavior of making a profit and then shouting it from the rooftops, only to go silent when wrong, and repeatedly shorting again is not something that a wise person would do. When taking profits, one should share the joy, and when taking losses, one should also warn of the risks. Don't get carried away, don’t hold onto losing positions!
Those who shout slogans loudly, saying ‘charge,’ and that ‘stopping loss means liquidation,’ are really not the words of a true sharer. This only stirs up the emotions of the retail traders, but ironically, they love this kind of talk; it's hard to advise those who are stubborn. No choice...
Today we slaughtered the shorts, but in the later half of the night, we can't rule out a crash. First, we pushed the price up to clean out the shorts, and now everyone starts chasing longs, then we might start dumping it back down—a common trick of the market makers, nothing surprising! The daily K-line level is under pressure from the mid-line, which is a reference point for high shorts. Additionally, the current market is testing the upper pressure of the 4-hour level, which is also a potential shorting position. So this is my reason for going short next, for reference!
With every trade, I clearly and straightforwardly share my views on why I am making those moves. Once a level is broken, there is no need to hold onto the position; timely stop losses are essential! It's not about hype; it’s not just talk! Shorting Bitcoin at 99200 and 99700 here, with targets looking down to 96000, 94000, and 92500, while keeping the stop-loss at 10500.
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BTC
98,600.01
+0.26%
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