Finally finished personal matters at the end of October, and next I will continue to bring you sharing:

In the recent time, Bitcoin has again broken through the 70K mark, recently hitting a new high of 73,600 with a double top. The current double top represents both risk and opportunity for bulls and spot traders.

The risk is: once the top tests repeatedly without breaking through, combined with the previous double top trend, the intentions of the main players become evident. Through the low points in the past few months, this round of secondary peak may be another round of the operators selling off. If the recent high points continue to fluctuate and decrease, there is a risk of seeing another peak and decline.

The opportunity is: if it can quickly break through the high point of 74,000 recently, it may usher in a new round of bull market, and after the end of the year, breaking 80,000 or 90,000 will be just around the corner.

In the end, it still relies on practice to prove the truth. The best method is to pay attention to the pressure position at 73K, and layout only a single round of short positions around the pressure. On the premise that 74K does not break, look down to 70K-67K in the medium to short term. However, once 74K breaks through, all short positions should be withdrawn, and then build positions for the bull market. The bullish spot trading thought should be synchronized, and around 73K, appropriate liquidation can be done. After confirming the new high is broken, stabilize at 74K before choosing to build long positions again.