BTC has reached 97850, are you guys not getting it again? 😁? It feels like we can't go up or down, and the long-short divergence is widening again!
So I am here to share something different with you; (let me remind you, if this is your first time reading my article, you must read my previous articles first, otherwise, you really won't understand)
In fact, everyone has fallen into a trap set by the main force for retail investors. Every time the main force completes an upward range, it immediately enters a small pullback and sideways mode. If you observe carefully, you will find that this is a sideways trend at the daily level;
If you switch to the 4-hour chart, it actually shows a gradual decline. Switching to the hourly chart will reveal many sharp drops and spikes. The wave in the early morning was obviously a trap for shorts. Even if you are not fooled, there must be some who closed their long positions!
After closing long positions, what is most people's mindset? I don't need to say, right? Either they are fooled into going short, or they want to wait for a drop of 3-5000 points to go long. Otherwise, why take such a big risk to close long positions?
However, this kind of thinking has become the weakness that the main force exploits. You want to go long, right? Then I will just drop 1500 points, sell with one hand and buy back with the other, not allowing retail investors to catch any chips. After pulling back, I will ask you if you dare to chase the high? From yesterday's situation, many people missed out after closing their long positions, and what's more disgusting is that after closing long positions, you flipped to go short, thinking you are at the peak, but in reality, you are at the foot of the mountain! As for those who have been short or added to their shorts, it must be even more painful! 🥹! You wanted to add to your profits, but it quickly turned into adding to your losses. Surprised, right?
A bunch of altcoins are scared to death, the liquidity that previously flowed into altcoins has been quietly tricked out by the main force. I can only say that the level of control in this market leaves retail investors like us in the dust!
The weekend is approaching, and the main force will likely continue to trade sideways or gradually decline in line with the trend. This is already the third wave of operations with the same situation, just asking how you will operate.
With the emergence of new highs, the lower support point of the rising channel has also increased accordingly, so it’s still that saying; do not short unless the lower support point of the upward channel is broken!
For specific point analysis, pay attention to my next article! #BTC再创新高97k #BTC何时突破10万?