$BTC

Wash away the long positions Wash away the long positions

Wash away the long positions

The BTC pullback has not ended yet, it has not ended yet, it has not ended

Important things are said three times.

In the previous article, it was mentioned that the BTC pullback this time has not ended, at least one more wave is expected, estimated to pull back to around 90,000, just be patient and wait.

In a bull market, there is always a reaction to any disturbance, and BTC takes the opportunity to pull back, the purpose is simply to wash away the long positions in contracts, accumulating fuel for the rise.

If it is spot trading, investment nature, there is no need to worry at all; instead, one should be happy because the bull market is bound to have an upward trend with fluctuations. Of course, there are some junk coins that are exceptions. If you are playing contracts, the right time to act has not yet come, and there is likely more than two waves before there is an opportunity to go back and continue to break through the previous high.

In terms of timing, there should be a wave before Trump takes office.

The above is purely personal opinion and does not constitute investment advice.