The surge in Bitcoin this morning was completely unexpected, reaching a peak of 106665, which is a new high for this wave of market. Long Ge has been trading WIF throughout the weekend, but this morning's WIF was set too low, and he missed out on this perfect wave!

Long Ge believes that this Bitcoin surge is due to a short squeeze. From the morning's trend, 102600 is the support level for this wave, so the upcoming market will be about buying on dips, opening long positions at 102680, with a stop loss at 102000. If it breaks below 102000, we should expect a deeper washout, and there's no need to open new long positions.

Currently, during Trump's presidency, Long Ge believes there is still a possibility of a washout, so friends who are going long should manage their positions carefully and hold onto their bullets for the big market surge!