The needle just now was meant to blow up Liangxi's millions of positions, but I see Liangxi chose not to cut losses and instead added margin to hold the position...
To be honest, intraday market conditions are most suitable for both long and short trading; as long as it’s not during the US market hours, there won’t be an immediate risk of a one-sided market. Even in a one-sided market, there will be opportunities to add positions or exit.
The intraday short-term support for Bitcoin is actually in the small range of 78300 to 77700, which is the only support for the bulls. However, I see that the market makers are trying to force a short squeeze by pushing up the price. The short-term pressure level for Bitcoin is around 82000, but it won't happen that quickly in the short term.
Many people opened long positions at 80000; you must leave some room to add positions at 78000 to break even, otherwise, it can easily go to zero. The same goes for short positions; if you added to your position at 80600 to 82000, you must also exit.
Summary: The overall trend on the 4-hour and 12-hour levels should be bullish; the main point for going long can only balance the cost through adding positions. #BTC