Bitcoin violently dropped 📉 200,000 people were liquidated, both long and short positions were wiped out 🩸 The signs of Bitcoin's decline had already appeared on the charts, which is why after breaking 100,000, Old Li didn't provide a strategy for two days and waited for it to stabilize above 100,000 to go long.

Many newcomers don't know that the reason for breaking 100,000 yesterday morning came from Trump's appointment of the new SEC chair, who is a supporter of cryptocurrency. This directly pushed Bitcoin, which was supposed to correct, over the 100,000 mark. However, the impact of news comes quickly and fades just as fast; the market's price action ultimately decides.

So when it surged past 100,000 yesterday, I privately messaged fans to remind everyone not to chase long positions. If you want to go long, you should at least wait for Bitcoin to stabilize above 100,000 for a day. As expected, it broke 100,000 in the morning and accurately wiped out both long and short positions in the evening. 👌👌