Good evening, I am the God of Wealth. This month's consecutive winning rate has exceeded 90% with a single strategy. This morning, I successfully executed a short position plan. The market has pulled back this time, and the altcoins have also dropped significantly. When the pattern breaks, a new pattern will form. Finding the right support and resistance makes it easy to operate!
Currently, from a technical perspective on Bitcoin, the major upward channel trend supports the break of 93800. After breaking, it consolidated below the resistance level for a few hours before returning to operate within the pattern. The current upward channel pattern has deteriorated, and the head and shoulders bottom on the 4-hour level has opened up, with the head formation expected to take about 3 days. The lower previous low parallel support points are between 91500 and 90000.
BTC Operation Strategy: Look to reduce holdings near 94800 during the day, with the wave of shorts continuing to aim for 90000! $BTC