$BTC Don't blindly short anymore! What is the purpose of shorting now?

Today, let's first look at the order book; shorts are starting to appear again around 95,000, which will serve as fuel for Bitcoin's next rally. Brother Bao has mentioned many times that you shouldn't easily short; even looking for bullish divergence on a smaller timeframe to go long is much better than shorting. Also, as Brother Bao reminded everyone the day before yesterday, pay attention to these two levels: 93,600 and 97,300. Go long at 93,600 and short at 97,300. Currently, Brother Bao is bullish; after these two days of consolidation and the fuel provided by the shorts, Brother Bao believes there will be another spike, but the current price around 96,450 is not a good position to go long.

It can be seen that after breaking below 93,600, there is a spike back up. Brother Bao thinks it won't drop to this level in the short term. You can try to enter long around 94,700 to 94,300. Before it goes up, there will definitely be a wave of false shorts, so operate cautiously. Today, the increase is close to 3,000 dollars, which can be considered a consolidation period for Bitcoin. Shorting is definitely not a wise move; at the beginning of November, Bitcoin can quickly reach 99,000, and the shorts will definitely make a significant contribution.

Currently, we still need to wait for the Americans to pull the market; stay tuned for tonight's direction, and Brother Bao will provide the most timely plan. #BTC☀