After Bitcoin broke below 70,000, there are over 1.7 billion USD in long positions that can be liquidated until the 69,000 level‼️
This is why I set the take profit for the short position at 68,880; I clearly mentioned in the article that the purpose of shorting at 73,200 was to anticipate that the market makers would break below 70,000 to trigger retail investors' stop losses💰
Thus, my take profit was set near 68,800 after breaking below 69,000, which can just eliminate over 80% of the stop losses of retail investors chasing highs. Therefore, the take profit for the short position was set at this level. As expected, I accurately predicted the market operator's prediction, with a precise take profit at 68,880; the lowest price reached by the opposing operator was 68,873, a perfectly accurate prediction📉
So many people ask me why the take profit at 68,880 was so accurate. I have mentioned the way of trading: the essence is simplicity. We are playing a game of human nature; I understand the psychology of retail investors and I also understand the psychology of institutional operators, so naturally, I can grasp the market trends.
Short from 69,200 to 65,400.
Publicly predict to go long at 65,400, anticipating that the market makers will pull up to the historical high near 73,200 before starting to decline.
Then predict breaking below 69,000 to trigger retail stop losses, accurately placing the take profit at the lowest point of 68,880. Every position is executed through prediction; trading is all about human nature❤️🔥❤️🔥
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