This wave of Bitcoin has reached 36,000. In the short term, we will see whether it can be suppressed below 34,500 and fluctuate downward. If it does not go down in the next half month, once BTC breaks through 36,000, it means that the trend will continue for a while and it will have to go to 42,000.
Therefore, whether the short position is strong in the past half month is still very critical.
If this wave of decline does not continue, BTC may continue the bullish trend for two months, just like the market situation from April 7, 2019 to October 12, 2020. This is a bullish situation, so the short-term time window is within this half month.
As for the spot opportunities, if it breaks through again, you can still participate in the spot, but because the overall position is relatively high, you cannot have too large a position. There will still be opportunities to take over later. The halving will definitely wash it out, but I don’t know at which time point.
Looking back, the 2021 bull market started when the index broke through 20,000 points in December 2020. I feel that this year is not the right time, and the maximum limit for longs can be around 48,000-50,000. This is a bullish situation.
If the market continues to move in a bearish correction, it may go down to around 30,000 and then go up again.
