Good afternoon everyone, my name is Wei Wuxian
Let me first share my thoughts on yesterday’s breakthrough. First, let’s talk about the conclusion. This level around 99,000 is definitely not a top. This wave has at least reached 104,000 or even broken new highs in terms of 4-hour K. But why are we still placing short orders? Testing, according to the temper of Gouzhuang, it is definitely not possible to skyrocket. Of course, it will throw people off the bus through inserting needles and market sentiment in the middle. Then comes our spring. There will be horizontal declines on the weekends, but we can keep testing small positions with a stop loss of about 1,000 points. The target is not high, and we can stop with a profit of 1500-2000. As for the liquidation map, which can clearly reflect the current high leverage and where the orders are placed, I will also try to go short again at 98200-98400, with the stop loss placed at 99368.
Regarding spot prices, Dogecoin and Audi, which have been publicly mentioned before, can be held forever. Now the price is not suitable for buying spot coins again. You can wait for a major correction to get chips with low prices. Okay, if there is a market situation on the weekend, I will have to wait until the evening or even midnight. Everyone should have a proper rest. I will always be there, but the fluctuation is not big, so I won’t update much. I wish everyone a happy weekend $BTC