BTC Pullback Warning! Everyone pay attention!
Why is Bitcoin not dropping while those altcoins are crashing first?
If Bitcoin pulls back, we must keep a close eye on the range of 89300 to 88600! The fee has increased again, now at 0.026. Remember what the War God said before, when the fee rises, Bitcoin might pull back or consolidate, this is an important signal. The War God suggests that if it breaks below 89300 and then closes a candle, that would be an excellent opportunity to go long. This position is really crucial!
If it breaks and closes, those who are short may have to let go and close their positions, allowing Bitcoin to continue rising. Therefore, this position is very important for future long trades.
Looking at the order book, there are still several hundred BTC hanging at the price of 100,000, around 800 coins. But if it really rises to around 98,000, will these hanging orders rush to sell? Personally, I think reaching 100,000 is a bit difficult. This is also a question we need to pay attention to when Bitcoin rises later.
By the way, 92,000 is also a good short position, with a stop loss set around 92,760 and a take profit at the previously mentioned 89,300.
If it doesn’t pull back and just rises straight up, I think this situation is not very reliable.
The test of a bull market is not just about the rise and fall of the market, but also a test of our mindset. In the face of account fluctuations, we must remain rational. Next, I will announce the next potential tenfold coin! Instead of guessing, let's grasp it! Like + comment for free sharing.
