$BTC

Do not casually open more positions; 102550 will be a valid support!!

Today is Monday, has everyone made money? This morning, we saw Bitcoin reach a new high of 106665,

then it started to pull back. Looking at the daily chart now, the small bullish candle today has almost fully retraced, but I advise the bulls not to rush into opening positions. Currently, there is no effective support below BTC, and I believe there will be another pullback, continuing to form a parallel bottom. By this point, everyone can understand that tonight's most stable strategy is still to catch the retracement, the position I have marked is at 102555 for buying the dip. I have always followed my own thoughts, for example, the downward trend line I drew last week, I mentioned that once this downward trend line is broken, we will continue to be bullish!

For instance, when BTC broke 10,000 USD in 2017, many people thought it could not go up at all. A large number of short positions appeared near 9930, and a lot of fuel directly pushed BTC to a new height. We need to clarify that the entire market has two parts: one is large holders and various institutions, and the other is retail investors. Who's money are large holders making? Definitely retail investors', by creating various short and long traps. This is also the reason I update daily, to avoid stepping on landmines!

Currently, the effective supports for Bitcoin are 102555, 100600, and 99300, these three positions I will pay close attention to. In the short term, I will consider entering a small position at 102555 and adding at 100600 to avoid missing out, with the stop loss placed at 99300. I suggest using leverage of 30x~60x; leverage is often not a tool for making money, the direction is. #BTC☀