$BTC Currently, BTC is nearing short-term highs. You can consider setting low-leverage short orders in the 92100-92500 range, with a small stop loss of 2 points. If it continues to break above, there won’t be any resistance levels and you should abandon the short position.
The daily chart shows a 5-wave structure; currently, we are in the main upward wave of the third wave. To complete the 5 waves, there must be a pullback of the fourth wave, followed by the continuation of the fifth extended wave. We can wait to enter at 77600.
Bitcoin has many large institutions and big players investing long-term. Looking at the long term, it will definitely rise. Friends who are shorting without a stop loss do not need to choose the hardest assets to short. Bitcoin is always suitable for buying low because it never gets trapped; every bull market breaks new highs. Yesterday, it tested downward twice, and the retracement at 88600 could not break; it hasn't dropped, still in a bullish trend. Today, Bitcoin's 15-minute line directly shows you how to be a man. Friends who shorted not only missed the entire bull market but also got stuck in a tree 😂
Starting to organize key points for the afternoon:
1: Ethereum 3050, 3020 are still the order placement points; defend 3000. Now, we need to pay attention to whether the short-term resistance at 3160 can be effectively broken.
2: The bull market is not over, just adjusting and correcting. Bitcoin at 92000 is still very critical; mainly waiting for the US stock market to open. Personally, I lean towards touching the 93000 position upwards.
3: Support in the 86700 area below. Consider going long if it touches here; resistance at 92000, range-bound oscillation.
4: A giant whale transferred 4.9 million OM to FalconX, valued at about 20.61 million USD, starting to dump. The 4-hour K-line shows signs of selling; cashing out for safety.
5: The rise of uni is closely related to DEXX, which is favorable for the leading UNI, plus front-end trading revenue has exceeded 100 million USD, those seeking stability can consider buying on dips.