Summary of the day on Wednesday: Bitcoin slowly rose and then fell rapidly. All three waves of intraday high short positions were fully grasped, totaling 1580 points of space. The market outlook will continue to maintain a high-altitude thinking!
The overall structure of Bitcoin's intraday market is still running in a small range of fluctuations. Although the market has risen, the strength is still limited. It can be summarized by fluctuations. After all, there is not much space for both long and short positions. As we all know, Lin Kun still maintains a bearish mindset in looking at the trend of Bitcoin. Today, there are not many signals in the market. A total of three waves of short-term short positions have been arranged, and 1580 points of space have been taken as expected. When the volatility space is not large, we must make reasonable arrangements and not be stubborn. Sometimes we must have cognition and know how to stop when we see good, so that we can go far and long. What do you think?
The first wave: Bitcoin 67548 short positions, take 730 points of space to leave!
The second wave: Bitcoin 67890 short positions, take 700 points of space to leave!
The third wave: Bitcoin 68280 short positions, take 850 points of space to leave!
Lin Kun still maintains a bearish mindset for the future market. It is not that he is persistent, but that he is firmly bearish and firmly believes that the market will fall back with greater force. This time the market rise is not a signal of a bull market. It is only the support of the news that will lead to such a market. I personally think that even if it rises, it will not rise too much. Why is it consolidating at a high level now? It is because the increase is too sharp and it takes time to repair. Today's market can be seen that the rise is a bit powerless. This wave of rise is a manifestation of enticing more. The energy released by the bulls has been released. There is an old saying that if it stays sideways for a long time, it will fall. I believe that the time for the fall is not far away. Remember what Lin Kun said. The general direction of Bitcoin is 55,000, that is, 15,000 points. If you don't believe it, just wait and see!
In terms of midnight operations, Lin Kun personally recommends that Bitcoin should still be short-term, and it can be planned to be short around the 68,000-68,500 range. The target does not need to see too much space of 800-1,000 points. Now the market is still volatile and there is no space, so treat it as a short-term first!
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