Indeed, these past two days, the air force has feasted and celebrated, feeling quite at ease and pleased. From the perspective of the larger cycle, today BTC has once again risen above the upward trend line. The bullish trend and pattern have not been broken. Being extremely bearish is actually inappropriate. At present, BTC is at a corresponding height, at the end of the cycle, the market makers will fluctuate up and down, wildly moving within the layout area. A crazy massacre. All to gather more fuel to prepare for pushing higher next year.
In this wave, such timing, looking good for no more than three seconds. Showing off for no more than three days. Currently, the bears are around 98400, accumulating $612 million in shorts. Around 92000, accumulating $1.63 billion in longs. Retail investors will choose, while the general market makers aim to take everything. It’s just a matter of which side to take first.
Currently, on the four-hour level, the MACD has a golden cross, indicating a demand for rebound, but it is a low-volume increase, and the strength and height of the rebound should not be too high. However, a spike up to around 98600 seems quite simple. Those shorting should be trembling.
From the daily view, it is already a bearish pattern, and if it goes up, it cannot be ruled out that it will once again turn down to continue clearing the longs. From the Binance long-short ratio, there has been a slight increase in longs today.
In any case, it will still be a matter of fluctuating spikes, wild rises, and falls. Trading requires extra caution, and it is recommended to always set stop-losses. It’s better to trade short-term, quick in and out, without getting too caught up in the pattern.
One contract, one thrill; always a contract, always a thrill, forever opening orders, forever filled with tears of gain and loss. The air force will never be enslaved, the bullish army will never admit defeat. In any case, the blockchain market will always leave our U, a vibrant stroke of our own, do you agree?