💡9/2 Graphical simplified version Simple analysis #BTC  $BTC

Last week's short positions were all closed over the weekend. Why? We closed the positions after verifying that the support was not broken many times. This is part of the plan. (See the picture for details)

After breaking the range this morning, we recovered the short positions again. Some partners may ask, since we want to recover them, why do we need to close them over the weekend?

In fact, we can regard this as two complete transactions. The first one is shorting at the upper edge of the range and taking profit at the lower edge of the range.

The second one is chasing shorts on the right side of the range after breaking through the range. The two do not conflict. We cannot predict the market trend. If you have been following my content, you should know that I have laid out such a plan since last week. All operations are just executing the plan.

So there is no hesitation in chasing shorts here, and there is not much to say. The first short position has a profit margin of nearly 3%, and this time the stop loss is only 2%, so even if the stop loss is made, it can be regarded as a profit retracement of the previous transaction.

As for whether it will go down directly or it is a scam, it is not important. Just do a good job of risk control and do it. The market will give you the answer.

Since the shock in March, Bitcoin has gone through many similar structures. One is the current state of resonance between large and small cycles (not yet completely out), and the other two are structures that have already come out. They have similar points.

1. The previous price has been strong in the short position

2. After going out of the shock range, it is a false upward breakthrough

If the expected trend is repeated, I think the downward space is still very imaginative, at least it will eat a period of accelerated trend.

Then wait for market verification.