At this time, I advise everyone not to go all in to catch the bottom, isn't it a matter of risking life for wealth, blocking everyone's path to becoming rich. I have been advising for a few days, do not go long, reduce positions at high points, if you can't understand the market, it's better to lie flat and protect your life. I hope some people take it to heart.

Recently, BTC has surged so high, Trump has called for it to be part of the national strategic reserves, and I believe many institutions or countries have quietly entered the market. Trump, born a businessman, is skilled at doing business, inflating prices, raising and selling, creating public opinion, enticing retail investors or opponents to buy at high positions. Buying low and selling high, he is quite familiar with such tactics.

Some say BTC is being used for America's debt monetization, at first I didn't understand, but after thinking about it, America's external debt is 35 trillion, and the market cap of the cryptocurrency circle is 3 trillion, it’s clear that it's just a drop in the bucket. All the apparent benefits are just hype, they are merely catalysts to raise prices and lure more buyers. You don’t want to get on the train, right? There are all sorts of tricks to get you on board?

From BTC's current shape, looking at the weekly level, the long-term cycle is upward, the trend has not changed, saying it’s turning bearish is also impossible. The pullback downward has support at both 5 and 10 weekly levels.

At the daily level, there has been a massive outflow of funds for two consecutive days, this round of speculators is profiting handsomely, yesterday was also a trap to lure buyers, after the rise the price quickly fell, a bunch of people who were eager to enter the market got trapped again. Currently, there is resistance around 94,000 above, and strong support around 85,000 below. If it effectively breaks down, then the trend will reverse.

At this time, I do not recommend spot players to catch the bottom, it's not the right time yet. Just after a drop, many people's emotions for going long are surging, which is actually not a good thing, it's not about earning astronomical wealth but rather a bloody massacre.

But if I say I only do ultra-short-term trading, then I only look at the shape, not at the price, because if you look at the price you can't enter the market. In 15 minutes, 1 hour, going long or short, you are free to do so. However, I still recommend setting stop losses.

Now, the trade war between the US and the Eastern country is tense, with Trump in power, an additional 10% tariff. It seems that the Eastern country is not having a good time. The financial war is the same, back and forth, intermingling with each other. BTC is to be controlled predominantly by the US, and the Eastern country will definitely not be happy. After raising the price, offloading in the right direction also robs American investors of their wealth. So most retail investors are just the fish meat of institutions and multiple speculators. The number of American retail investors is just as many as those in the Eastern country. $BTC #比特币盘整分析