$BTC Pullback Warning!!!

Why hasn't Bitcoin dropped while altcoins are dying?

If Bitcoin pulls back, be sure to pay attention to the testing of 89300~88600! The fee rate has once again increased to 0.026. Remember what Brother Bao mentioned before? Historically, when the fee rate rises, there is a chance that Bitcoin will retrace or consolidate. This is a very clear signal. Brother Bao's suggestion is that once it retraces and tests below 89300, if it closes as a pin bar, it will be a very good opportunity to go long. This position is crucial! If it breaks below and closes as a pin bar, most of the short positions will also close out, allowing Bitcoin to rise to a higher level. Therefore, this position holds significant data for future long trades.

Looking at the order book, there are still a large number of BTC orders at 100,000, around 800 pieces. But be cautious, if it really rises to around 98,000, will these orders pull out? I feel it won't reach 100,000, and this is also a concern we need to pay attention to as Bitcoin rises. Back to the point, 92,000 is also an excellent short position. Set the stop loss around 92,760 and the take profit at our testing level near 89,300. Brother Bao has already started to accumulate! The past few days have been consolidating, but BTC hasn’t dropped. BTC is about to break out! Long positions should be careful to close out!!! If it doesn’t pull back and just rises, Brother Bao thinks that’s unrealistic. #BTC☀