Guys, be cautious about shorting at this point. Be careful of the prices on the floor, are you brave enough to go long at 80,000?

After Bitcoin has once again crossed the 70,000 mark for the first time in over four months, it attempted to break the previous high but failed and retreated, which was expected. Usually, a single breakout has a low probability unless there is some major news affecting it. This is why, after the price touched the previous high without breaking through, I immediately suggested a short position to watch for a pullback.

With the September core PCE data being negative, revised from a previous value of 0.1% to 0.2%, the expectation for a rate cut in November has decreased, with even a possibility of stopping it altogether. Additionally, with Harris winning in several swing states during the U.S. election, the 'Trump trade' has been reversed, and all three major U.S. stock indices dropped significantly yesterday, leading to a massive sell-off in the crypto market. The prices plummeted sharply. To be honest, although this pullback was within expectations, the intensity was slightly greater than I anticipated. At this stage, the market has been largely washed out, and I do not recommend shorting anymore. After the back-and-forth, when the market lightens up, it's time to rally. So guys, buy in batches; this round is looking at 80,000, and be prepared for the arrival of the main upward wave.

Of course, short-term partners should pay attention to my daily updated strategies. Although the overall trend is bullish, short-term changes happen quickly. Most of the time, we focus on the signals from the market for positioning. Those who are not doing well can take a look; climbing up and recovering, a week is enough!