(11.22) Market Analysis:
Currently, the price has surged to 99,500, just a needle away from 100,000. Both bulls and bears are fiercely contesting the 100,000 level. Li Chen believes that with the market reaching its current position, breaking 100,000 is already a certainty. The current pattern has been benefiting both bulls and bears. It is advisable to avoid chasing highs and selling lows. The market is likely to touch 100,000 and then make a pullback, before preparing for a second surge.
At this moment, chasing highs carries a risk level similar to drinking pesticide. Those who are long at lower levels are trembling in fear, always on guard against sudden pullbacks. For those positioned short at higher levels, setting a small stop loss is quite reasonable. If it breaks, there’s no need to cling to it, just let it go. Today, at the peak, shorting one of the world's finest assets, let’s see how it goes. It is essential to reach the summit and enjoy the view of the smaller mountains.
Shorting Strategy:
Short around 99,700-100,200 (light position). Additional positions will be determined in the comments section. The first tier is looking at 98,500-99,100. The second tier is looking at 97,300-97,800. The pattern is 96,000 25,917,227,434.
97,197,956,400