The short position has been stopped out! Today we gave everyone a short at 93500 and 94500, which has already been stopped out at 95500! Yesterday we shorted from 94800, and it dropped to a low of 90800. I always felt it would break below 90000, and I wanted to happily bottom-fish at 89500, but as it turns out, the short position got wrecked today…

Currently, this trend is a bit dangerous. After probing down to 90800, it has been oscillating upwards, presenting a slow bull market overall. For those who are going long, it feels like it should break below 90,000 or test a couple of times before getting in. Yesterday, it was pressured down from 95,000, so today I want to rely on this level to continue shorting, waiting for it to test around 90,000 again, thinking about bottom fishing, but whether the market gives an opportunity or not, we have to wait!

I currently hold a Bitcoin short position at 93,500, added once at 94,500, with an average price of 94,000 here. My stop-loss is currently planned to be at the 95,500 line, and if it hits stop-loss, I won't hold. Sometimes the market is like this; when it was pushed up to 99,600 earlier, many were waiting to short at 100,000, but it directly dropped to 90,800. It really came down to 90,800, and everyone wanted to wait for a test of 90,000 before going long, but then it went back up.

Every time we take action, there is a risk of stop-loss. What we can do is try to minimize the number of trades and control our position well, so that we don't incur too much loss, and later we can earn it back anytime! Here at Zhongliang, there is never guaranteed profit; trades are open and transparent. Although the operations from yesterday and the day before were quite good, this is not a basis for arrogance. Every single trade must be cautious, and risk control is king at all times! #美国续请失业金人数创三年新高