According to AICoin news, the price of Bitcoin has reached the 69000 line, and in the past hour, short positions worth 10.85 million dollars have been liquidated, which is quite a significant amount! To say that this market is indeed lively, it has fallen for 6 consecutive days, dropping to around 66800 early in the morning. Continuous declines like this have killed many bulls. Then suddenly, there's a slow upward trend, pulling up to the 69000 line; isn't this just taking care of those who chased shorts this morning?
This morning, Bitcoin provided two levels for entering shorts at 68500 and 69200, with a stop loss at the 69700 line. Currently, in the 4-hour timeframe, two large bullish candles have formed. The middle band has been repeatedly resisted, but it broke through this afternoon. The MACD bearish energy has diminished, and bullish energy is beginning to be released. KDJ has crossed upward, and it is currently testing the resistance of the middle band in the daily K-line. Whether it can hold is still uncertain! All we can say is for those holding short positions, be patient and stick to the original plan: don't fight the market, don't over-leverage, and don't get too excited!
Auntie has short positions at 2435 and 2480. The current price is around 2445. For those already in short, be patient and hold. For those who haven't entered, continue to follow the morning plan and look for high points within the range to participate in shorts!
