●Verify the progress of the main actions mentioned earlier has occurred as stated: #btc
1. Mentioned at 1 AM on the 11th to reduce short positions at 94800, the main force is no longer present, and there will be a rebound and fluctuation, which has started to be seen in the subsequent rebound.
2. As explained in the article from 2 AM yesterday, first pay attention to whether the situation of the short positions on the night of the 11th needs to be speculated for a secondary high, and so far there is no complete information result. However, the current difference lies in deciding whether on the 12th there is a need for the price to break through the historical high, or if a decision is made not to require a new high.
3. Another point to observe is that in the past few days, including the drop event on the 10th, there has been no selling by miners, and currently, there are no detailed data available. As for the previously mentioned high point, it seems that the high point at 17:00 is inappropriate because the speculation for short positions is meant to make a decision on the secondary high on the 12th, not to speculate on the price. If this high point is used here, it does not align with what was said earlier about establishing a secondary high.
●Future (subsequent):
1. Due to waiting for the decision on short positions, this may drag on until before 6 or 8 AM on the 12th.
2. If there is a retracement before 8 AM, one can pay attention to whether it breaks above 101351, the price from the last consolidation peak, because the previous drop started from here to break down and consolidate.
3. There is currently no decision on whether a new high is needed, so only the situation of the second point can be discussed, and one must observe it independently in the morning.