Як і очікувалося, пиріг досяг першого низхідного рівня підтримки 70500, згаданого в моїй останній статті.

Attention to those playing with Bitcoin👹👹

Currently, the overall trading volume is extremely exaggerated; it resembles a deep abyss crazily absorbing water; just from Binance's trading volume, the transaction amount has already reached ten times the usual, and this data is still soaring! This is just the volume from one exchange!
Although an increase in volume is a good thing, we must also understand that the so-called transaction amount represents not only the buying side but also the selling side. On a deeper level, there are also situations where market makers manipulate the market to test, reversing to entice retail investors to go long or short based on their conditions;
The more this happens, brothers need to pay attention to the price volatility. The larger the fluctuation, the higher the long-short ratio. A sideways market represents stability. Currently, the market still shows a clear upward trend, but if the upward trend starts to weaken even as prices rise and volume continues to surge, it indicates that the long-short ratio is beginning to approach or reverse!
At this moment, I personally do not recommend chasing highs because even if the market makers quickly break the previous high, short positions will surge. I never believe in unlimited bullets; even market makers will only consider whether continuing to push up offers greater profit or if falling offers greater profit. Rather than chasing high for that 2000 points now, the risk you face is proportionally increasing.
If you must enter long, I suggest using a small position and trading short-term. If there are profits, take them. There is significant selling pressure around 73900, with short positions + peak profit-taking. If it breaks the previous high and continues to rise, there is profit to be made. But if there is a downturn near the previous high, you will be the one hanging at the top.
Although I have short positions, I am not suggesting everyone follow me to short. I am doing it incrementally, adding to my position with every 1000 points increase to adjust my average price. I have prepared 100k as margin; if I get directly pushed to 90k and hit a margin call, I accept that. But as long as there is a pullback in the meantime, I am ready to quickly reduce my position. If it pulls back and then rises again, I will continue to add to adjust my average price.
All my altcoins are currently in profit, and I am prepared to use the profits from altcoins to hedge against the unrealized losses from Bitcoin's rise. As long as the altcoins' gains outpace Bitcoin, I am not losing money! Those who can't resist the urge to enter now can look for previously strong coins that are currently not high in price and have recently shown strong bullish movement for a reasonable chance of rebound.
This is purely personal advice; please operate cautiously #BTC☀