At present, the 1-hour RSI of Bitcoin is <span
Uncle Miao predicts that the price of Bitcoin and mainstream altcoins will rebound soon
Taking advantage of this round of decline, I will explain the operation logic of long and short positions:
1. Use leverage to ship out and harvest the longs who entered the market at the top (the decline we are seeing now)
2. After the longs are eaten, attract shorts to enter the game, pull up the price, and the market reverses (it may be pulled up directly like 98/99k) until the new shorts are stopped or liquidated
3. This "surge" will attract new longs (using leverage) and then the price will reverse again, slightly lower than the previous low (possibly 95.8-96.0k)
4. After the leverage is cleared, what remains is usually the bullish divergence position in the medium-term time frame!
5. After the contract market is cleaned, the car becomes lighter and hits a new high
