$BTC mirror image has not changed, the market remains unchanged!

Looking back at all the market conditions last week, it has been reversing back and forth, which makes it difficult for people to be determined. After 6720, I sold at 645, after 66430, I sold at 63300, and then I don’t know where to open short orders. Some bold and careful people basically opened short orders at 64. I can only say that I admire them.

The market is really very annoying. The decline is not smooth, and the rise is not smooth. I only dare to do a short at around 62 when I open a long BTC. I will see if it can rebound to 636. I will definitely open a short order, without orders, and the market is not perfect, so I won’t force it.

But if you have the conditions, you can open a short order if you are stuck with spot. The liquidation point is set at your spot break-even exit price. At this time, the only value of the short order is not to make money, but to reduce the loss of long orders.

Today, a fan asked me to unlock the option to see the 56,000 pie. Why? My answer:

LinChen, head of Asia Pacific business at Deribit, said that next Friday (28th) at 4 pm is the option delivery date of this quarter (the largest at present), and a total of 6.65 billion US dollars of BTC options will expire, with a put/call ratio of 0.51; the maximum pain point is 56,000. This does not mean that the price will definitely reach 56, but that the maximum position for option delivery is there.

However, the best way to explain this is to look at the corresponding mirror image, which may be more accurate. The mirror image does show the position of 56, and I think it is okay to choose to enter the market at this position.