🚨 BTC plummeted to $86,600! Is the bull market over? The main force is actually playing "back and forth"!
😱 Are you confused by the drop?
Watching Bitcoin fall from the high of 94,500 without looking back to 86,000, many people's mentality has collapsed: "Is this going to crash to 60,000?", "Should I still hold my long positions?"
This is not a crash; it's just the main force playing "back and forth" in a large box!
👀 Understand what the main force is doing in three seconds:
1️⃣ From the ceiling to the floor:
Look at the chart, the previous high of 94,000 is called UT (false breakout), which is the main force tricking everyone into chasing high prices.
Now the 86,000 is called ST-B (second test), which means the main force has smashed the price back to the floor to see if there are still people panicking and cutting losses.
Simply put: the main force sold at 94,000 and is now preparing to buy back at 86,000.
2️⃣ This is the "special price zone":
The bottom of the entire large box is between $85,000 - $86,000.
The current price ($86,695) is right on the floor. At this position, there is very little space to go down (if it breaks 85,000, it’s a stop loss), and a lot of space to go up (looking back to 93,000).
It's like buying a house on the first floor; it won't drop to the basement, but it can rise to the top floor.
⚡️ What should you do now?
🟢 The daring squad (bottom-fishing strategy):
The current price around $86,600 is a buying point! Since the main force dares to test the bottom of the box, we dare to go long against support.
Key point: Stop loss must be set at $84,800! Once it breaks here, it means the box has leaked, and you must accept the loss and exit; absolutely do not hold on.
🔴 Those wanting to cut losses:
Stop! Even if you are stuck at 90,000, now is not the time to cut losses. If you want to cut, do it when it rebounds to around 90,000. Cutting losses at the floor is just giving chips to the main force.
🚫 Those wanting to short:
The risk-reward ratio is extremely poor! This drop is likely nearing its end; going short now will easily lead to shorting at the lowest point of the candlestick.
In summary: $85,000 is the last line of defense for the bulls. Rely on the defense line to experiment, risking 1% to seek a 5% rebound profit; this is the art of trading!
