BTC's shorting opportunity and the first stop-profit position for longs are coming soon.
From the perspective of shorts, it is a bit like a pullback after falling below 69.2k. If it cannot stand back, it means that the shorts have already entered the dominant position. There is another short perspective. A downward trend line can be drawn from the highest point. There is a potential bearish bat just near the downward trend line. Therefore, violent shorts can short at the current price, aggressive shorts can place ladder short orders on the left side of the trend line at about 70.5k, and conservative shorts can cut in on the right side.
From the perspective of bulls, these two positions are short-term profit-taking positions. If the price can retrace to POC about 67.2k and show signs of stabilization, violent bulls can build positions on the right side, aggressive bulls can chase after breaking through the downward trend line, and conservative bulls can intervene after breaking through the trend line. Otherwise, the opportunity for bulls is still to look at 59k.
I don’t like to watch the market, and prefer left-side trading strategies. Trading strategies are time-sensitive. All remarks do not constitute any investment advice. I wish you all good luck~
Regarding copying orders, I would like to remind you again that I am a low-frequency trader and need to have enough patience. I may open a reverse order. If the total investment amount of copying orders is too small, it is meaningless.
