The US presidential election and the Federal Reserve's interest rate cut of 25 basis points were completed this week. The two major news were good news, and Bitcoin also broke through the new high of 76,900. The bulls have played their cards and all the good news has landed. Then we have to wait for a big correction, or 76,900 is the super top, and it will be difficult to reach it for a long time!

It is recommended to hold short orders for Bitcoin. Lao Xiao started to suggest that everyone should gradually open shorts near 76,000 yesterday. In the early morning of this morning, he added shorts above 76,500. The price is okay, and the position and stop loss are well controlled. Although it hit a new high again in the early morning, the strength is obviously insufficient. Don't be like last year, you dare not buy at 20,000, say 30,000 is a bear market, and say 50,000 is too high. After multiple corrections this year, you don't buy at 53,000, and you dare not chase at 58,000. Last month, the correction of 60,000 gave an opportunity and you said you would continue to wait. Now you say you want to buy all positions at 76,000? You dare not short at 76,000, which is no different from not daring to buy more at 16,000!

So what should we do now when Bitcoin is at 75700/75800? Of course, we can go short directly, which is not much different from going short at 76000-76500, because the price of Bitcoin will soon fall sharply.