Update market conditions 680 key resistance level, be patient. Previously, the short position at 690 has been closed at 660 for profit, as mentioned before. If 680 breaks and stays above, it would indicate a reversal, and short positions should not be taken. If 680 continues to face resistance, then this wave is a rebound. Continue to stay on the sidelines 🈳️ Temporarily hold cash and observe.
Update on the market, first looking bearish. I'm in the car. This morning's video mentioned not to chase shorts. The spot market is flowing out. Don't think about 70k or 80k. Refer to the chart below. Moreover, going long around 690 is simply a foolish action. If you don't dare to go long at 60k, why go long at 690? Next, the first resistance is at 660. If 660 breaks, the upward trend will end.
I have already shorted around 690 and also shorted Doge. I have already shorted around 690 and also shorted Doge. To add, if there's a pullback, short quickly at 682-685 with a stop loss at 692. Check the chart for other details.
A brief update on the market. Now the small level is blocked. Don't chase the long here. If it doesn't hold up later, it will continue to fall. Friends who want to go long can wait for a pullback around 660. Trend line ➕ support and resistance swap ➕ small level 618 to choose to go short. Those who shorted with me at 680 yesterday can continue to take it with a break-even loss. 660 is the first stop profit. The plan is clear at a glance. The plan is clear at a glance.
According to the plan released at noon today, it is very clear. Since everyone is bullish and the data given by the market + US stocks are going down, then we must look for opportunities to short. Hold the short position first and temporarily make a floating profit. Let me explain the logic. BTC is now 67,500 with a market value of 133,000 US dollars. It will take another 640 billion US dollars to increase the market value to 100,000. May I ask, Wall Street and the Federal Reserve are already experiencing a shortage of liquidity. Where does the money come from to increase BTC to 100,000?
Okay, I haven't had time to update in the past few days. I went out after finishing the video. Anyway, I explained it very clearly. I have been talking about 680 for half a month, and then Sui also 🈳️ Finally, both S&P and Nasdaq led the decline This wave of spot prices rising and then eating short orders and then smashing is really powerful. All shorts were directly cleared out. Other analysis will be discussed tomorrow. I just got home and I will rest first, friends For the rest, please see the pictures
BTC structure changes, short update of the market Now I will choose to short only if three conditions are met PoC upper edge + 618 blocked and broke the trend line Appear at the same time, otherwise continue to wait patiently. It is impossible to chase more here, and there was no second bottoming during the day, so the bulls did not participate The thinking of trading is to reduce risks and survive, not to get rich overnight Slow water can last a long time, encourage each other, friends
Update the market. Yesterday's order rebounded in the short term, but the price action continued and failed and fell below the key support of 620. Support and resistance swap principle Falling below the last long effective zone, no longer bullish Try to short on pullback Position 616-619 🈳️ Stop loss 624-625 Take profit tp1 592 tp2 575 Profit and loss ratio 1:3 or even 1:6
You don’t need to think too much about the short-term level. Bullish for the time being. Entered at 61900. The first stop profit is 63500. The price reaction is the winning rate. The profit and loss ratio is also suitable, 1:3