In fact, I don't want to continue updating, because the content I update is all bearish, and this view has been maintained for a month and has not changed.

When it was 70,000, I encouraged everyone to defend short selling.

This bearish view has lasted for a month. Although it is falling, it is really painful to hold a position. I saw 50,000, and there is still a drop of 12,000 points from the price in my mind. It is normal to feel uncomfortable holding a position, but as soon as I open the exchange and see that the contract account has earned hundreds of points of yield today, I feel particularly energetic.

If you feel that we are unfamiliar and doubt my prediction at 70,000, I can understand.

Because at 70,000, all kinds of positive data were given to this market. First, the US dollar maintained the interest rate unchanged, the non-agricultural data was in line with expectations, the gold price continued to rise, the old guy BlackRock was crazy about buying, and later the Hong Kong ETF was listed, and Europe and the United States also had ideas and other good news.

I especially remember the time when the price of Bitcoin soared from 52,000 to 69,000. Before that, Bitcoin had been fluctuating between 46,000 and 58,000, with a minimum daily fluctuation of 3-4,000 points.

During that period, Bitcoin was unilateral every week, either rising this week or falling this week. It could not go down to 46,000, nor could it stand at 56,000. To be honest, as long as the position exceeded X3 and kept moving, it was basically wiped out by the dog dealers.

I have always asked everyone to make defensive orders. Why don’t I do the same as others?

Because the word defense means caution.

What is defensive trading?

It is to predict the general direction of the next move. When the market trend fluctuates sideways, find an ideal point in your mind to enter the market and build a position. Once your defensive position is touched after opening the position, it is better to cut half to prolong life than to stop loss completely. This is defensive trading.

Why are some people still bearish when Bitcoin falls below 30,000? Is it because they don’t know how to trade? No, it’s because they only want to do intraday trading.

My view is still bearish. Rebounds are opportunities. It will definitely fall. #美国PCE数据将公布 #币安HODLer空投 $BTC #CryptoTradingGuide $BTC