It's Monday again, family! (11.4)

1. Good afternoon, family! I am your old buddy Chen Changsheng. It's Monday again, and we are starting a new week of making money. Our Bitcoin short position has already taken profit at 67500, so we don't have to worry about the pullback. As long as it can't break 70,000, there's nothing to worry about. Now let me share my views on the market trends moving forward!

2. Bitcoin has been consistently declining these past few days. If it can rise and stabilize around the neckline of 69500 over the weekend, it means it will continue to rise. I had planned this in my mind since Friday. However, Bitcoin has dropped to its lowest point near 67500, already breaking down. The next support level is around 66000, so it's very likely to touch 66000. Of course, this doesn't mean you should chase the short down to 66000. The market is ever-changing, and we always take it step by step. If it suddenly spikes to a new high, there's nothing surprising about it, and it's normal for it to drop below 6. Yesterday was a back-and-forth washout; both shorting and longing have high risks. Our entry points are good, so we can hold long positions. For ultra-short-term trades, I recommend waiting and observing, as tomorrow is the 5th and there will be major election news. Anyway, I feel like the king may be in trouble. If the king fails, I remind everyone to clear all their Dogecoin immediately; those who understand know. The first-line resistance level is between 69800-70000. If it can't break through, it will still decline. The 4-hour Bollinger Bands have shown a slight flattening from the third track down to now. Everyone needs to be aware that betting on a rebound and a reversal of the situation are two different things. Whether it rises or falls, it will definitely be a stop-and-go situation, and there will certainly be a counterattack. Don't chase positions casually!

3. After discussing my views on the market, let’s talk about the entry points for Bitcoin. I originally didn't want to share this because many family members still have positions. However, I see many family members are already flat, so this wave can still be shorted. Family members who are flat can refer to this, while those with positions should not act. Just observe. But be careful with risk management. If there is a strong bullish candle later, we need to withdraw our orders first. Let's set orders: short again around 69800-70400. The target remains the same, still below 64000. Defend a bit thinner, and we can exit when it approaches our entry price. Alright, set your orders. Last week, the master made a strong move, and we hit two trades hard. This week continues. I'm off to do DJ! 😎 $BTC $SOL $ETH