In the past two days, going short has been consistently losing, but fortunately, I managed to short at the peak, securing an $8,000 profit, which means I took a profit of $5,000. However, there is still a lot of space below!
Many people have asked me if Bitcoin is close to breaking its historical high, does that mean the upward channel has opened?
From a broader perspective, 80,000 is not the top. This round of bearish trend is probably not over yet; the current drop is just a pullback. A significant retracement will likely occur after the elections. Pay close attention to the support at Bitcoin 70,256. If it breaks below, focus on shorting during the rebound!
If you want to give a thumbs up for the strategy, hit 1. You can find me in the public group: (Zhang Ge's live trading)
