BTC has been bearish since August 26, reaching a bottom starting with 92 after 5 days to the predetermined range. Today, we can observe whether 92250-92850 can support further buying. The market is currently in a downtrend, so always maintain a stop-loss position, with a maximum downward limit of 500 points!
Long Ge's 99260 large short position was not executed; the order was placed but canceled because he was not monitoring the market due to other matters. This wave of long positions depends on whether 92 can hold. If it can't hold, then the trend of long positions will lead to Bitcoin starting with 88. Trump and Musk shouldn't have such a small vision; otherwise, they wouldn't have given up on Bitcoin after failing to reach 110,000. Long Ge believes that the urgency for U.S. bonds is not as pressing now, which has slowed down the momentum for Bitcoin's rise. The reason for this decreased urgency is well known; major investors in U.S. bonds have disappeared, so Trump is now focusing all pressure on suppressing rabbit tariffs. Additionally, there are military disturbances globally, including in the rabbit region, and an economic downturn is also predictable!
Another inevitable fate that comes every year is that asset holders need to settle before the New Year, and they are all retracting capital. Long Ge wanted to buy a wave of long positions at WIF 1.799 this morning, with a stop-loss at 1.78, just to earn some pocket money!