Follow up on the short position. #BTC

8/30 Graphical simplified version Simple analysis #BTC $BTC

Yesterday, our core focus was on the key positions of the upper and lower edges of the oscillation range. It started to break upward last night, but didn't come back in the second half of the night. I still regard this as a false breakthrough, and it is still a weak performance.

So the short position chooses to enter the market when it falls back to the range again

This structure can be mapped to the large cycle. Now the large and small cycles belong to the nesting doll stage. Once they weaken and break, they are easy to resonate and start the main leap wave market

So the current small structure action is more critical

If there is no big resistance in the small cycle position, we will consider holding this short position for a long time

If there is obvious long resistance in the small cycle at the previous low of 57900-57800, we will consider leaving the short position in the short term and wait for the right side to break and then take back the short position