Continue to adhere to the principle of not chasing long positions above $100,000 for Bitcoin. When the crowd is roaring, how many remember the risks? Just in the past week, there have already been two significant drops above $100,000. The first time, you didn't believe it; the second time, you still didn't believe it. So what about the third time? Similarly, the 94,000-90,000 area serves as support, which Lao Xiao has also pointed out, okay? I said before that I definitely wouldn't chase short positions during the first two pullbacks here; if it comes down a third time, it will undoubtedly break. Last week, didn't I tell you to go long at 93,000-94,000? Didn't I call for a long position at 94,600 yesterday? Although I didn't anticipate the rise in the U.S. market last night! This time, I still choose to gradually establish short positions at highs above $10,000, looking at the medium to long-term for a third drop that will break through the 93,000-90,000 support area.
Short-term positions can be handled normally every day, with proper stop-loss management for wave trading.
Tonight, you can take advantage of the rebound during the U.S. market hours to gradually open short positions, and you can exit long positions!