Short position above the warehouse, remember to place a limit order for replenishment, set the stop loss at 106500.
林逸ok
Jan 17
$BTC Evening Strategy
A few days ago, I had some matters to attend to and didn't pay much attention to the crypto world. Today, I see Bitcoin has returned to 100,000. Trump will officially take office next Monday. Previously, I posted when it was over 90,000, advising everyone to go long, but that post was taken down by the platform. I mentioned at that time that there would be a pullback before Trump's inauguration, and that everyone should buy on dips. Once it breaks a new high next Monday, we should retreat immediately, but currently, the price is relatively high, and it’s possible that there will be another round of washing.
If the US stock market opens tonight and doesn't drop, it's highly likely that it will continue to rise. The short position I recommended this morning at 102,000 didn't materialize, as it dipped to a low of 100,800. It's unfortunate; the current position isn't suitable for market orders. Today is Friday, and with three days until the weekend, this should be the last opportunity for the operators to wash the market, so it's wise to set up for a short.
Currently, the position is at 102,200, with minor resistance above. It’s likely to continue rising and break the current price. 104,500 is the second resistance level. If it breaks this level, it's highly likely that it will reach a new high. Breaking a new high is certain, but not right now. It’s likely that it will drop to this level, so brothers can enter in two batches.
Trading Recommendations: Short position at 104,600, add to the position at 106,000. Choose your position size based on your financial situation, targeting around 101,000.
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